They must be prepared for new customer expectations on communication, reachability and responsiveness. Nonetheless, insurance companies can benefit from digitalisation by taking advantage of opportunities to raise flexibility and productivity and simplify processes. Big data analysis, for example, can improve the assessment of risks and fraud detection.
Investment amounting to $ billion is in prospect for the foreign exchange sectors, and Government contemplates $ billion of infrastructure and other projects. Initiatives are underway to improve access to finance by small and medium enterprises.