Tuesday, 22 April, 2025

India’s Insurance Sector Embraces AI Amid Regulatory Shifts and Innovation Drive

India's insurance industry is undergoing a significant transformation, propelled by regulatory reforms and technological advancements. Key initiatives like IRDAI's Vision 2047, which includes 100% FDI in insurance, aim to enhance competition and attract foreign investments. The adoption of artificial intelligence is central to this evolution, offering improved risk assessment, fraud detection, and personalized customer experiences.