Indian insurance industry entering Hitech World

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Sep18

September 18, 2006

Indian economy is now growing impressively. One of the areas of Indian economy that will have very fast growth is Insurance. Right now, the size of Indian insurance sector is just $10 billion and by 2010, it may become a $60 billion industry. Until now, Indian insurance sector did not see too much use of technology. However, it is going to change. Now, 3i Infotech has launched Premia Insurance Broking eXchange (IBX) which is ‘a first of it's kind subscription-based internet solution for the Indian insurance industry.’

This product will help insurance companies a lot. It will save time for both the insurance company and the insurance agents. To know about it more, you can read the report of Moneycontrol.com.

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