Digital Transformation in the Insurance Sector
With digitalization, the Insurance sector has also started to lean heavily towards online customer support. Insurers are now looking at cost-effective services. With the adoption of new technologies and InsureTech capabilities, insurers can change how they interact with brokers and approach policyholders with a better customer experience through personalized solutions.
Essential MSME Insurance products are:
- Property:Fire & Burglary, MBD/EEI, Motor Fleet, Office Package
- Employee Benefits:Group Health, Group Personal Accident, Group Term Life, Workmen Compensation
- Marine:Marine Cargo Inland, Marine Cargo Import/Export
- Liability:D&O, Professional Indemnity, CGL, Cyber Risk, Trade Credit
- Promoter/Directors:Family Health Insurance, Keyman Policy, Term Life
Do you think and operate like an old-fashioned MSME?
- Research and media articles state most MSME companies owned by Promoters have invested their hard-earned money or their family assets in the business as capital.
- Hence, owners tend to avoid additional expenditures and reduce their company’s running costs.
- Business needs long-term vision and a goal of sustainability with profits.
- An owner is often not prepared for a rainy day. Any unfortunate incident can result in an irreparable loss.
- Often the company loss affects the company and also impacts the family.
- Hence, an insurance cover needs to be viewed as an investment to secure your future.
- Right, and comprehensive insurance policies help protect against such losses.
Why do you need Commercial Insurance Policy?
Commercial insurance is a type of business insurance that offers financial solutions to various unforeseen events that can hold the growth of a business.
Climatic events like the Bengaluru floods, which were earlier probably not seen as an immediate risk, have the potential to wipe out a micro or small business built through the life savings of an entrepreneur.
- Two people died while 18 were injured after a fire broke out in a footwear factory in Outer Delhi’s Narela Industrial Area. Police said there was an explosion, and many of the workers got trapped due to the smoke. The building owner has been arrested.
- Two people die in fire at Maruti Suzuki’s Rohtak R&D centre.
About SafeTree
SafeTree is an insurtech company focused on improving our client’s business through meaningful product innovations. SafeTree integrates technologies and design into client-centric solutions based on industry insights to deliver our brand promise of ‘insurance simplified’. SafeTree is the coming together of experienced financial experts and technocrats. Our main driving force is to advise and protect the interests of our clients and communities against a variety of risks.