https://www.taxtmi.com/news?id=45023 Finance Minister directed public sector general insurance companies to implement digital transformation led by artificial intelligence and advanced data analytics to improve risk assessment, adopt AI-driven claim settlement systems for Motor Own Damage and Health products, develop products for emerging risks including cyber fraud, strengthen underwriting and portfolio optimisation to align combined ratios with global benchmarks, ensure customer-centric measures including Account Aggregator integration and digital KYC, and to execute these measures in a time-bound manner with regular reviews. en-us Wed, 28 May 2025 22:01:03 +0530 Wed, 28 May 2025 22:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45023 Finance Minister directed public sector general insurance companies to implement digital transformation led by artificial intelligence and advanced data analytics to improve risk assessment, adopt AI-driven claim settlement systems for Motor Own Damage and Health products, develop products for emerging risks including cyber fraud, strengthen underwriting and portfolio optimisation to align combined ratios with global benchmarks, ensure customer-centric measures including Account Aggregator integration and digital KYC, and to execute these measures in a time-bound manner with regular reviews. News - Wed, 28 May 2025 22:01:03 +0530 https://www.taxtmi.com/news?id=45023