As per the latest IRDA report, insurance penetration in India stood at 2.76% for life insurance, while general insurance penetration stood less than 1%. Compared to other Asian countries and the world average, which is close to 6%, India still looks like a greenfield for the growth of the insurance business.
2018 saw the introduction of India’s Data Protection Bill, helmed by the Justice Srikrishna Committee. The much-anticipated bill comes at a time when data security and privacy have raised burning questions
The Remote work arrangement is expected to stay for some time or employees will at least have the option of a hybrid work culture – switching between working from office and remote working.
CIOs can create value by taking strategic responsibilities, overseeing mergers and acquisitions, and being experts in the technology domain, says Milind Kulkarni of STT GDC India.