- Published on May 27, 2019
- In AI Features
Artificial Intelligence in Action in India’s Growing Insurtech Space
- By Shivakumar Shankar
The world is changing and insurance is changing with it. This change is being driven by customer expectation and technological advancement. To be competitive, insurance companies need more customer insights, and the ability to turn these insights into actions, which requires focused effort and expertise. Many insurance companies struggle in this area which is why insurtech start-ups play a key role. They are able to move faster and identify these gaps and provide solutions. The bulk of these solutions are fuelled by use of artificial intelligence.
It’s not wrong to say that AI is beginning to play a key role in enabling insurtech start-ups to bring ‘smartness’ to insurance. However, not all types of AI techniques can add value to insurance processes in the same way.
In order to unde
📣 Want to advertise in AIM? Book here
Shivakumar Shankar
Shivakumar Shankar (Shiv) is Managing Director, India, for LexisNexis Risk Solutions. He brings more than 25 years of diversified experience in consumer durables and insurance, of which more than a decade has been in insurance and insurance data solutions. Shankar is well versed in the underwriting and business needs of the Indian insurance market and is working to bring data driven practices to insurers. In this role, he helps insurers manage the challenges of making complex data solutions work for real-time transactional decision making. Shankar has been Managing Director of the India business since August 2012, and is an industry expert on the collection and optimisation of data for use in insurance risk assessment. Before joining LexisNexis Risk Solutions, he was Sr. VP – Marketing & New Initiatives at Cholamandalam MS General Insurance.
Related Posts
Top 10 Companies That Crowned Hyderabad as India’s Greenfield GCC Leader in 2025
Telangana has attracted over 75 greenfield GCCs in 2025, compared with 40-plus in Karnataka.
The AI Coding Gold Rush Ends Where Harness Begins
“Only 30% of software engineering happens on the laptop. The real 70% starts after you commit the code,” says Jyoti
How Gradient-Boosting is Quietly Powering India’s Research Push
From groundwater and slopes to carbon sinks, tools like CatBoost are enabling Indian scientists to extract insights and drive sustainability.
India’s Data Centre Boom Is Running Into a Talent Wall
With capacity expected to more than double this decade, the industry is investing in training as graduates struggle to meet
This Firm Wants to be the ‘Next Big Disruptor’ in Networking
Arrcus positions itself as a horizontal software layer that can run across different types of networking hardware.
Will 2026 be the year of AI IPOs?
With CoreWeave’s listing and Fractal Analytics going for an IPO, an array of AI companies are now looking to raise
Fighting Deepfakes May Not Be a Technology Problem
Defenders must be active at all times, while attackers need only one opportunity.
India’s Data Centre Expansion Is Decentralising
Without compute buildup beyond metros, the next wave of digital adoption will be constrained
Download the easiest way to
stay informed
stay informed
