How Insurance Companies can Use Mobility to Solve Cost and Security Challenges

Over the last 10 years, the value of the Indian insurance industry has grown at a compounded annual growth rate of around 20%. Nevertheless, today, there are several issues inhibiting the continued expansion of the sector. One major concern is the high cost of onboarding and serving customers across the nation, given infrastructure deficiencies and linguistic complexities. Furthermore, fraud is on the rise, causing Indian insurance companies a collective loss of Rs 30,000 crore in 2012. In order to tackle the challenge of customer interaction across the country, most insurance companies have built a large nation-wide…Read more »