Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting on review of Public Sector General Insurance Companies (PSGICs) in New Delhi https://www.taxtmi.com/news?id=45041 PSGICs are directed to implement a time-bound digital transformation including AI-driven claim settlement, leverage advanced data analytics for pricing and claims modelling, develop innovative products for emerging risks including cyber fraud, strengthen underwriting and portfolio optimisation to align combined ratios with global benchmarks, and enhance customer-centric measures such as prompt grievance redressal, social media engagement, and Account Aggregator integration with end-to-end digital KYC; strategic collaborations and regular progress reviews are mandated. en-us Thu, 29 May 2025 09:42:54 +0530 Thu, 29 May 2025 09:42:53 +0530 TaxTMI RSS Generator Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting on review of Public Sector General Insurance Companies (PSGICs) in New Delhi https://www.taxtmi.com/news?id=45041 PSGICs are directed to implement a time-bound digital transformation including AI-driven claim settlement, leverage advanced data analytics for pricing and claims modelling, develop innovative products for emerging risks including cyber fraud, strengthen underwriting and portfolio optimisation to align combined ratios with global benchmarks, and enhance customer-centric measures such as prompt grievance redressal, social media engagement, and Account Aggregator integration with end-to-end digital KYC; strategic collaborations and regular progress reviews are mandated. News - Thu, 29 May 2025 09:42:54 +0530 https://www.taxtmi.com/news?id=45041