Tanay Kediyal, Managing Director, Allstate India

National Technology Day prompts us to marvel at India's phenomenal journey in the tech landscape. From nascent beginnings to global eminence, we've propelled ourselves as a beacon of innovation. The emergence of Generative AI -- fluent in the language of algorithms and automation, is poised to redefine the way we work, live, and interact with technology. Moreover, the advent of Software as a Service (SaaS) has democratized access to cutting-edge technology, enabling businesses of all sizes to create enterprise-grade solutions without hefty infrastructure investments.

In the insurance industry, technology is proving to be a game-changer, revolutionizing traditional business models and enhancing customer experiences. AI-powered technology is enabling insurers to mitigate risks, enhance operational efficiency, and personalize offerings to meet evolving customer needs. As we commemorate this day, let us reiterate our dedication to innovation and collaboration.