Press Note International Seminar On Digital Disruption
Press Note International Seminar On Digital Disruption
Press Note International Seminar On Digital Disruption
Dr. Subhash C. Khuntia, Chairman, IRDAI inaugurating the seminar by lighting up the
lamp.
Director of National Insurance Academy, Mr. G. Srinivasan had
delivered the welcome address on this occasion. He talked about how
latest technologies like Block chain, IoT, Telematics and Artificial
Intelligence, are reshaping the insurance industry. Mr. Srinivasan also
highlighted the importance of how the industry should prepare to
embrace the digital innovation in their business and what are the
challenges that the industry will encounter while adopting to these new
age technologies. Mr. G. Srinivasan, Director, NIA outlined the
different ways through which, NIA is creating and developing the
knowledge in Insurance, Pension and allied areas through undertaking
various activities like organizing Management Development Program for
the more than 6000 Top, Middle level & lower level executives of the
insurance industry every year. The Academy is also running a Post
Graduate Diploma in Management, where along with the General
Management subjects the additional focus in on imparting Risk
Management and Insurance Domain knowledge also.
Mr. G Satish Raju, CEO, Swiss Re India Branch started his address by
giving a perspective on the rapid change in technology. He talked about
the introduction of quantum computing in insurance and how it will be
useful in processing the huge amount of data the is involved in
insurance. He emphasized on the importance of collecting and
processing data and how well it is managed and handled. He also pointed
out the rapid rise in numbers of monthly digital transactions taking
place in insurance sector globally.
The LIC Chairman Mr. M.R. Kumar delivered the Key note address and
he deliberated how these technologies are impacting the life insurance
companies and how the companies should embrace the digital innovation
in their business. Mr Kumar opened with how the industry was affected
by fast paced and over-arching mega-trends. The trends include
genomics, ubiquitous mobility, blockchain, cyber security etc.
Dr. S. Doss & Shri. Kishore K. Panda, Faculty members of NIA and the
seminar coordinators thanked all the dignitaries for gracing the
seminar and making it a wonderful learning experience.