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

बिना किसी हड़ताल या विरोध के सोमवार को ठप रहेंगी भारत के कई Post Office की सेवायें, जानिए क्या है कारण ?
Business

Many post office services will be stalled on Monday without any strike or protest, know what is the reason?

by Aaryan Srivastav
July 19, 2025
Yes Bank के शेयर धारकों के लिए आ गई सबसे बड़ी खुशखबरी! सोमवार को आ सकता है तगड़ा उछाल, फटाफट पढ़े काम की खबर 
Business

The biggest news has come for Yes Bank’s share holders! There may be a strong rise on Monday, read the news of work quickly

by Aaryan Srivastav
July 19, 2025
sdafd
Business

Rail passengers please note … New Amrit Bharat Express Train will run from Patna to Delhi, know route and fare

by Aaryan Srivastav
July 19, 2025

Latest News

sasfd
Astrology

After all, what is the story of Kale Hanuman Temple? Where there is blessings of victory from PM to CM

by Sandhya Hirani
July 19, 2025
Money crisis after love marriage… Husband robbed relatives with friends
News

Money crisis after love marriage… Husband robbed relatives with friends

by Ankita Sharma
July 19, 2025
Mahua Moitra on KFC Attack: TMC MP Mahua Moitra said such posts about the uproar of Hindu organization at KFC outlet, the furious users heard Khubh-Khoti! outlet
India

Mahua Moitra on KFC Attack: TMC MP Mahua Moitra said such posts about the uproar of Hindu organization at KFC outlet, the furious users heard Khubh-Khoti! outlet

by Amit Tripathi
July 19, 2025
Controversy over Operation Sindoor: Rahul Gandhi sought answers on Trump's statement, BJP retaliated
India

Controversy over Operation Sindoor: Rahul Gandhi sought answers on Trump’s statement, BJP retaliated

by Amit Tripathi
July 19, 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.