The 2nd Elets Insurance Innovation Summit & Awards 2025, hosted by Elets Technomedia in association with The Banking and Finance Post magazine, successfully concluded in Mumbai on January 29, 2025, bringing together top industry leaders, policymakers, and technology innovators to discuss the future of insurance in the digital era. The summit aligned with the Insurance Regulatory and Development Authority of India’s (IRDAI) vision of ‘Insurance for All by 2047’, fostering discussions on strategic partnerships, technological advancements, and policy evolution.
The summit, themed “Future-Ready Insurance: Embracing Innovation,” served as a comprehensive platform to address technological disruptions, regulatory shifts, customer experience enhancements, and the future of financial services in the insurance sector. The event witnessed participation from top insurance executives, industry experts, and technology leaders, who shared their insights on how digital transformation, artificial intelligence (AI), and data-driven strategies are reshaping the insurance ecosystem.
The summit featured a distinguished lineup of speakers, including Shri Inderjeet Singh, Secretary General, General Insurance Council; Dr. Sandeep Dadia, CEO & Country Head – India, Lockton; Vivek Bengani, CEO, CAMS Insurance Repository; Kayzad Hiramanek, COO, Edelweiss Life Insurance; Reece Clifford, Data & Analytics Advisor, SAS EME-AP; Vivek Zakarde, Head – Data & AI, IndiaFirst Life Insurance; Nikesh Srivastava, Chief Analytics Officer, Bajaj Allianz General Insurance; Dr. Abhijeet Karnetkar, Chief Business Officer, Xangams; and Gurumurthy Ramachandran, MD & CTO, Xangams.
Delivering the welcome address, Shivam Pathania, Head – Business & Strategy, BFSI, Elets Technomedia, highlighted Elets’ contribution to industry transformation, stating, “For 22 years, Elets Technomedia has been at the forefront of knowledge sharing and industry growth, marking this as our 63rd event in the BFSI sector.” Reece Clifford, Data & Analytics Advisor, SAS EME-AP, highlighted the impact of AI, stating, “AI is transforming insurance—from customer engagement to pricing and risk assessment. The regulatory landscape, including the EU AI Act and India’s Free AI, will shape AI’s ethical deployment in the sector.” Nikesh Srivastava, Chief Analytics Officer, Bajaj Allianz General Insurance, emphasised data’s critical role, stating, “Data quality is paramount—without it, AI is ineffective. Insurers must prioritize data integrity to maximize AI’s value.”
The summit covered critical industry topics, including The Road Ahead for Digital Transformation in Insurance, Maximising AI Value in Insurance, Insurance for All by 2047 Using Digital Transformation, Accelerating Agility with Future-Ready IT Infrastructure, and AI’s Role in Insurance Pricing & Underwriting (Sponsored by SAS).
A special edition of Elets Banking and Finance Post magazine, dedicated to the insurance sector, was launched at the summit. The issue features expert insights on emerging trends, digital transformation, and regulatory advancements, offering a comprehensive industry perspective.
The summit also hosted the 2nd Elets Insurance Innovation Awards, recognising leaders, organisations, and solutions driving innovation in the insurance industry. Awardees were celebrated for their AI-driven advancements, customer-centric business models, and transformative risk management solutions.
Industry partners such as SAS, Xangam, Acetone, TrackWizz, Wizergos, and Dataeaze among others supported this summit. An interactive expo showcased cutting-edge insurance technology solutions, providing attendees with firsthand experience of the latest innovations revolutionizing the sector.
The 2nd Elets Insurance Innovation Summit & Awards 2025 successfully reinforced the industry’s commitment to innovation, digital transformation, and customer empowerment. As the insurance ecosystem continues to evolve, Elets Technomedia is dedicated to driving discussions and collaborations around it and creating platforms to shape a future-ready, technology-driven insurance landscape.
