AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

‘Generative AI’ is playing an important role in changing India’s insurance industry

by Aaryan Srivastav
April 11, 2025
'Generative AI' is playing an important role in changing India's insurance industry

New Delhi, 11 April (IANS). Artificial Intelligence (AI), especially generative AI, is playing an important role in changing India’s insurance industry this year, which has registered an increase of more than 30 percent of productivity. This information was given in a latest report on Friday.

According to the Boston Consulting Group (BCG) report, the insurers who are using AI in underwriting are getting efficiency benefits up to 36 percent of both structured and unstable data.

Tools such as AI-Powered Knowledge Assistant in Customer Service have increased productivity by more than 30 percent. Whereas, the quality of service has also improved.

In Claim Processing, AI is helping to resolve the simple claim in real time up to 70 percent, which reduces the cost by 30 to 50 percent and customers get excellent experience.

The report states that AI is also proving useful in IT as smart automation tools are helping insurance companies to reduce their cloud migration timeline and save 30 percent in costs.

Despite the growing capacity of AI, the report found that many insurance companies are still stuck in the pilot phase and have not pushed their AI projects completely forward.

However, some visionary insurance companies are using AI, especially in competition in underwriting, claim processing, customer service and IT operations.

In BCG, India’s leader-insurance practice Pallavi Malani said that JenAI is giving a new look to every part of the insurance business.

He said that Indian insurance companies are experimenting with many AI-based proof of concept, but most of them have not scored yet.

Malani said, “Especially in India, we see that insurance companies are working on many proof of concepts, but these use cases have not been extended.”

To fully benefit from AI, companies should only think beyond technology and data and include professional effects, changes in procedure, and readiness of the employee from day one.

The report emphasizes that the insurers who associate their AI investment with commercial goals and focus on high -impact areas, go ahead in competition.

-IANS

SKT/ABM

SendShareShareTweetSharePinShareSend

Related Posts

dssfd
Business

“Gold Price Today” Gold and silver became stable after breaking the price, know the rate of 10 grams of gold

by Aaryan Srivastav
July 28, 2025
jh
Business

India’s first world class private railway station: Rani Kamalapati railway station

by Aaryan Srivastav
July 28, 2025
h
Business

Immediately after the US-Europe deal, ‘side effects’ started appearing on India, understand these signs, what is the effect on us?

by Aaryan Srivastav
July 28, 2025

Latest News

UAE and Jordan made 54th Human Food Assistance for people struggling with hunger in Gaza
World

UAE and Jordan made 54th Human Food Assistance for people struggling with hunger in Gaza

by Rajeev Bansal
July 28, 2025
Technology

Redmi Note 14 se 5G is going to be launched today this phone is going to be the cheapest 5G phone ever | Redmi Note 14 SE 5G Series: Redmi Note 14 5G series will be launched with tremendous features, so much will be price.

by Sandhya Hirani
July 28, 2025
Historical 'Shanti Samagam' journalist seminar under the guidance of Acharyashree Vardhman Sagar in Tonk
News

Historical ‘Shanti Samagam’ journalist seminar under the guidance of Acharyashree Vardhman Sagar in Tonk

by Ankita Sharma
July 28, 2025
Rajnath Singh during design on operation Sindoor in Lok Sabha: Opposition did not even ask, how many enemies of enemies drop, Rajnath Singh, Rajnath Singh, during discussion on Operation Sindoor, said Rajnath Singh, OPPOSITION DOID NOT ASK EVEN ONCE, How Many Enemy Planes Did WEO ShOT DOWN, Said rajnath Singh during the discussion in Lok sabha on operation Sindoor
India

Rajnath Singh during design on operation Sindoor in Lok Sabha: Opposition did not even ask, how many enemies of enemies drop, Rajnath Singh, Rajnath Singh, during discussion on Operation Sindoor, said Rajnath Singh, OPPOSITION DOID NOT ASK EVEN ONCE, How Many Enemy Planes Did WEO ShOT DOWN, Said rajnath Singh during the discussion in Lok sabha on operation Sindoor

by Amit Tripathi
July 28, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.