Insurance companies face serious operational challenges owing to the heightened burden of diligent checks to minimize the risk of frauds and frivolous claims that have proliferated in the recent past. With digital integration, some of the earlier afflictions have been assuaged but new ones such as data protection and security have emerged. Moreover, regulatory frameworks have also been more focussed on customer-focussed governance. Further, enhanced data availability and analytics has brought in InsurTech in the picture too.
We help entities involved in the insurance business in navigating through the various compliance requirements under the insurance laws. We further assist in the handling of claims, drafting insurance policy documents, dealing with issues of mis-selling, frauds, money laundering, fund management, etc.