Increasing insurance penetration
At the same time, addressing issues surrounding comprehensive data regulation will grow in importance, and insurance regulators and data privacy rules will play a significant role in determining how insurers will be able to use data and also influence the level of product customization available to customers.
Penetration of general insurance is just 0.94% due to low awareness
Latest on Entrepreneur. For insurers, the cost for issuing such bite-sized policies is much less due to technology advancement.
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