Register for Champions of Manufacturing
Festival of Manufacturing is all about making change and recognising the changemakers of the industry. We are now inviting companies, that are a part of Festival of Manufacturing, to nominate one person from their company who has made a magnanimous difference within their organisation – age, gender and designation no bar. The changemaker would be recognised in-person, on the day of our event and felicitated as the champion of manufacturing. Nominate the person, along with a 200–300-word write-up on the difference the person has made within the plant.
In this new emerging landscape, companies will need to develop new products to satisfy this new demand. Further, as online transactions are gaining prominence, insurers will have to re-think the sustainable distribution models, premium underwriting and filing claims in the New Normal.
The pandemic has also changed the claims pattern: The life insurance claims increased 5-10 times post the 2nd wave, while general insurance like motor insurance etc., have witnessed a dip.
Given this context, can the insurance industry exploit the changing market situation to its advantage?