siliconindia | | August 20194www.fortunapix.comEDUCATIONWe believe that technology is best put to use in education when built to improve outcomes, foster colloboration, ease authoring & made personal.WE ARE ADVANCING LEARNING EXPERIENCES GLOBALLYTechnology is best put to use in education when built to improve outcomes, foster colloboration, ease authoring and made personal.re1.5 million+Students6,000Schools45,000Teachers9CountriesThe insurance industry in India is at the crossroads of development. For any country and its economic development, having a well-developed insurance sector that is evolving is definitely a boon. Over the past fifteen years, there has been a sea of change in the business expansion of the insurance sector. The IRDAI (Insurance Regulatory and Development Authority of India) was established in the year 2000, which opened this sector to private enterprises and allowing Indian companies to partner with foreign establishments. There are some major investments and other strong government initiatives that are pushing this sector towards a robust future. The IRDAI is also planning to issue out IPO guidelines for insurance companies that would want to divest through IPOs. The road ahead is certainly quite promising. Currently, India has a 3.42 per cent penetration rate in the insurance sector. It is expected to quadruple in size over a period of the next ten years.Amidst this growth and the digital revolution, businesses need to focus on agility and customer-centricity. Some people prefer to choose by themselves, while others hire consultants to assist them in finding the best insurance coverage as per their requirement. However, consultants are more helpful than just advising to pick the right provider. These consultants help insurers develop and execute strategies that increase profitability and efficiency, leverage digital capabilities, improve customer loyalty and gain a competitive advantage from advanced analytics. They work with businesses to develop practical solutions to their most pressing strategic challenges.In our current edition, we have featured a list of "10 Most Promising Insurance Consultants". Such experts provide a range of services to customers, which may include advising on general insurance, pensions, risk management, HR management, corporate recovery, acquisitions and mergers and financial projects. We also recommend you to read our cover story on Iyer's Pro-Risk Business Solutions, a company that provides value-added business solutions, which are practical and pragmatic.Do let us know what you think.Nandini MukherjeeSpecial Editoreditor@siliconindia.comEditorialConsultants can help Businesses adapt to the Changing Insurance Market Vol 03 · Issue 01 - 01 · August, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Special Editor Nandini Mukherjee Editorial Team Amit Raja Naik Monica Pallavi J Aparna Roy Imelda Tarzania John Roshan Anto Srrayvinya OLM Sujith Vasudevan Trisha Pragya Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comGroup Art DirectorAshok KumarCirculation Manager Magendran PerumalVP - Sales & Marketing Virupakshi Pattar Visualisers S Sivasankar Vishnu T RAnu Preethi Danila Tapas Ranjan Mallick NoidaGarima Anand Ashu SethiCONSULTANTS
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