It will be 20 years next year of the insurance industry opening up to the private sector. Both life and non-life industries have evolved in these two decades. The early years were about establishing the business, getting the wallet share of a market that had only dealt with government firms, issues of underwriting, distribution channels, disclosures, mis-selling and changing regulations. The next 20 will be crucial as the industry matures and deals with a changing demography, technology, regulation and market order. Issues of fraud, risk of the judiciary as the unexpected externality in the business, the millennial mind and the pressure to list are some of the issues that the next two decades will see.
With this backdrop, Mint organised a conference to discuss some key issues that will mark the life and non-life insurance space in the next 20 years. Two panels of thought leaders and insurance experts discussed and debated the emerging trends, challenges the industry faces in reaching out to customers and opportunities that technology can bring.
|5:00 – 5:25 pm||Registration|
|5:30 – 5:40 pm||Welcome address by Monika Halan, Consulting Editor, Mint|
|5:45 – 6:15 pm||Keynote Address by Dr Subhash Chandra Khuntia, Chairman, IRDAI
|6:15 – 6:20 pm||Presentation of Mint memento|
|6:25 – 7:25 pm||Panel 1. Non-life insurance 20 20: Issues for the next 20 years – Followed by audience Q&A
|7:30 – 08:30 pm||Panel 2. Life insurance 20-20: Issues for the next 20 years – Followed by audience Q&A|
|8:35 – 08:40 pm||Special Address
|8:40 – 08:45 pm
8:45 pm onwards
|Vote of thanks