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Insurance players stress on use of right technology

Press Trust of India  |  Kolkata 

Several companies on Wednesday stressed upon the need to use right technology to manage risks.

Speaking at a CII session here, B K Nayak, DGM of National Insurance, said it was not possible to ignore technology to sustain operations in this competitive environment.

Technology would be used to manage technology-related risks, he said adding that it would also help perceive disruptors as competitors.

of IFFCO Tokio Anamika said digitization was the requirement for customers.

She said companies needed to gear up for this or face the of being redundant.

By 2020, geo-analytics for health and business, usage of drones for crop insurance, telematics for car would become increasingly popular tools.

of A K Mukherjee said was one of the most needed in

He said it was important to understand the multi-layered economic that the country faces and the was becoming increasingly important over time.

Saurabhh Chaturvedi of said National Pension Scheme was one of the major initiatives taken by the government which would help in building up a corpus for the future as well as a tax saving instrument.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 13 2019. 20:09 IST