IIRFA 2016 Conclave

Technology should be leveraged to make insurance more affordable in India. As an IT-savvy nation, India should use Technology as an important tool to increase the coverage of uninsured population and hence help in reduction of the insurance policy cost.

As the total insured population in India is a very small base, the role of technology to push the product through multiple channels including Internet, Mobile will help increase the coverage. This increased coverage will reduce the cost of insurance and make it more affordable to the common man, Mr. R Raghavan, CEO – IIB, said at the IIRFA 2016”, theAnnual Conclave of Insurance Information and Ratemaking Forum of Asia, at Hyderabad on May 26-27, 2016.