ChatGKirloskar

By Geetanjali Vikram Kirloskar  Change is coming to the insurance business, which will be even more pronounced in India. The societal perception of risk has increased over the last few decades, driven by natural calamities, accidents, machinery failures in an increasingly automated world, cyber threats and illnesses. While this increased risk perception can be seen as an opportunity for the global insurance industry, it also calls for the industry to reinvent itself before Big Tech, armed with increasingly powerful AI, disrupts the industry. In India, the insurance industry faces a turbo-charged opportunity and challenge. Indian society and economy will undergo a paradigm shift over the following decades. We will go from a low-income to a middle-income country in a decade, and if we stay on our current trajectory, we will be a high-income country in the next three decades. Projections are that affluent households with annual incomes over Rs 30 lakhs in today's money that can afford...

Bengaluru, India: Bengaluru's prestigious Rashtreeya Vidyalaya College of Engineering, known affectionately as RV College of Engineering (RVCE), recently marked a significant milestone with its graduation day ceremony for postgraduate students. Established in Bangalore, India, in 1963, the institute has long been renowned for its academic excellence and contribution to the field of engineering. The ceremony culminated years of hard work and dedication and was a moment of inspiration and reflection as the graduates prepared to embark on their professional journeys. Among the notable highlights of the event was the commencement speech delivered by Geetanjali Vikram Kirloskar, a distinguished figure in the Indian industrial landscape. Addressing the gathering, Mrs Kirloskar drew attention to India's demographic advantage on the global stage. "As we all know, India has the fastest-growing youth population in the world. I am hopeful and confident that this demographic divi...