Categories: Banking

HDFC ERGO to build online insurance platform on Google Cloud

HDFC ERGO General Insurance has roped in Google Cloud to build an online platform for selling insurance. HDFC ERGO plans to completely migrate to the cloud by 2024. This online platform for selling insurance, offering tailored digital experiences to customers, responding to regulatory changes faster, and identifying insurance risks using data analytics and machine learning (ML).

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

Google Cloud will also assist the insurance provider with IT systems integration and building new applications. Google will also provide them AI/ML technologies to build predictive insights and mitigate insurance fraud. Google Cloud enables us to efficiently unlock the full potential of HDFC ERGO’s wide insurance solutions. This partnership underscores our commitment to delivering a seamless user experience by digitising the customer journey end-to-end.”

Important takeaways for all competitive exams:

  • HDFC ERGO General Insurance CEO: Ritesh Kumar;
  • HDFC ERGO General Insurance Headquarters: Mumbai;
  • HDFC ERGO General Insurance Founded: 2002.

Find More News Related to Banking

Sumit Arora

Recent Posts

World’s AIDS Vaccine Day 2024: Date, Theme, History and Significance

World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…

1 day ago

Coal India, NMDC, ONGC Videsh Seek Overseas Critical Mineral Assets

The Indian government has announced plans for public sector companies like Coal India, NMDC, and…

1 day ago

India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens

In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…

1 day ago

DPIIT Reports Over 7 Million Transactions on ONDC Platform in April

The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…

1 day ago

SBI Raises Short-Term Retail Fixed Deposit Rates Amidst Economic Shifts

In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…

1 day ago

Indian Army Set to Receive Russian Igla-S Air Defence Systems

The Indian Army is poised to elevate its air defense capabilities with the impending delivery…

1 day ago