Insurance companies should look at devising innovative health insurance products to cover the ‘missing middle’ – the section of Indian population not covered by the Ayushman Bharat-PM-JAY scheme, Deepti Gaur Mukherjee, CEO, NHA has said.
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IRDAI Chairman Debasish Panda stressed the need for insurers to adapt to disruptions and aim for insurance for all by 2047. Speaking at a global actuaries conference, Panda highlighted the importance of actuaries in navigating industry changes. With India s vast digital footprint, he emphasized leveraging data for personalized experiences. Panda noted the impact of emerging technologies like blockchain and AI in streamlining processes and enhancing fraud detection. Adapting to these disruptions is crucial for insurers to thrive in the evolving landscape.