Address by Chief Guest Shri Suresh Mathur

Mr. Suresh Mathur, Managing Director of the Institute of Insurance & Risk Management, graced the InsureNext & Insurtech Conclave & Awards 2024 as the esteemed Chief Guest, offering profound insights into the evolving Indian insurance sector. His address illuminated the significance of disruptive strategies in policy and digital transformation to achieve universal insurance coverage by 2047.

By emphasizing stakeholder sensitization and innovative product development, Mr. Mathur underscored the pivotal role of forums like InsureNext in addressing evolving customer needs effectively. Highlighting the convergence of banking, financial services, and insurance driven by digital transformation, Mr. Mathur unveiled the vast opportunities within India’s insurance sector.

Despite its global standing, he noted the sector’s gradual growth and ongoing consolidation in life and general insurance domains. Additionally, Mr. Mathur elaborated on key priorities outlined by the IRDA Chairman, focusing on enhancing insurance accessibility, affordability, and availability across society segments. In his conclusion, Mr. Mathur emphasized the critical intersection of digital innovation and regulation, stressing cybersecurity, data privacy, and the advancement of digital assets as pivotal for shaping the insurance landscape.

He advocated for periodic reviews and mid-course corrections to ensure meaningful interventions, reflecting the commitment of industry leaders to navigate and capitalize on the evolving insurance landscape in India.

Watch the video to gain valuable insights from Mr. Suresh Mathur’s address at the InsureNext & Insuretech Conclave & Awards 2024, where industry leaders gathered to explore the latest trends and innovations shaping the future of insurance in India.