The Economic Times recognizes the significance of the Insurance sector due to increased contribution in the GDP and the well-being of the citizens and understands that development of this sector is crucial if India has to witness sustained development socially and economically. Given this, we are glad to present the third edition of the Economic Times Insurance Summit 2016.

Technology is disrupting many existing business models, and likewise has a significant impact on the insurance industry as well. Digital is not about incorporating technologies into the organization but reinventing the insurance organization, its culture to drive innovation, to drive change, to drive the business into the next generation. With rise in mobile users and cloud-based technology to social media interaction, insurance agents are finally realizing the need to be more agile, efficient and accessible in order to serve today’s customer. As a result, insurance agents not only feel pressured to digitize their workflow, but also must streamline business processes to make the cost of doing business more efficient and in-line with these regulations.