The business ecosystem is changing with the rapid emergence of new-age technology such as Artificial Intelligence (AI) and the Internet of Things (IoT).
The Indian insurance sector is experiencing a technological shift. Technology in the insurance sector is transforming the ecosystem not just in scale but also in fundamental aspects. The digital-first business model is the result of companies using data and technology more than ever, testing new business models and revenue streams fueled by new technology. Advanced insurance technology is now already an integral part of the industry, for both insurer and insured.
Today’s consumers have more complex needs and are more knowledgeable and aware of their choices than ever before. They want personalized offerings and tailored communications which leads to insurers digitizing their services and optimizing all interactions.
The business ecosystem is changing with the rapid emergence of new-age technology such as Artificial Intelligence (AI) and the Internet
Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.
Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.
Lower home loan interest rate also supported pick-up in residential sales. The
It is disorienting being a sports fan. Right now, the French Open tennis and NBA Finals are happening – two grand spectacles normally circled on June’s calendar. The reshuffled schedule, of course, is due to the Covid-19 pandemic and cricket has also been greatly impacted.
The Indian Premier League (IPL) – the sport’s most lucrative and highest profile tournament – is belatedly being held, six months after it was postponed due to the onset of the pandemic.
Such the financial heft of the IPL coupled with the flex of India’s mighty governing body, the T20 World Cup in Australia – the showpiece international event of the year that was supposed to start next month – was shunted to provide the necessary space in this year’s abbreviated cricket calendar.
The IPL is estimated