BS Insurance Round Table: Sandbox opens up avenues for bundling services

A power-packed panel said that AI is the game changer in the non-life insurance business and underlined the need to generate underwriting profits and rely less on investment gains

The insurance industry has been asked by the regulator to focus on the insurance business and get some money out of it. Your views  

Bhargav Dasgupta: Pricing (for the industry) was freed up in 2008. We have grown well at a time when pricing has collapsed in a few segments, particularly in the corporate line. So one way to look at it is that underwriting losses were made up by investment income. But while the topline has grown at compounded annual growth rate of 17 per cent, the bottom-line, which is profit after tax has reduced by 12 per cent compounded.