Green Delta Insurance Company (GDIC) has introduced an artificial intelligence (AI)-based mobile application which is first of its kind in the non-life insurance segment featured with instant account opening and policy purchase tool online.
Using the app titled InsuMama, policy holders also can pay the premium online and renewal of policies on a single tap on the digital platform as the officials informed at a webinar on Sunday.
Insurance Development and Regulatory Authority (IDRA) Chairman Dr M Mosharraf Hossain FCA was the chief guest, while Bangladesh Insurance Association President Sheikh Kabir Hossain was the guest of honor and Bangladesh Association of Software and Information Services (BASIS) President Syed Almas Kabir was the special guest in the meeting.
Managing Director of Green Delta Insurance Farzanah Chowdhury presided over the session. Founding Managing Director and Advisor Nasiruddin Ahmed Choudhury was also present at the session.
Mosharraf Hossain said the mobile app will enhance the sector's growth by promoting insurance inclusion in the country to cover more communities.
"Under the leadership of Prime Minister Sheikh Hasina, the government is implementing the Digital Bangladesh programme ensuring connectivity for all. New concept of InsurTech has changed the landscape of service delivery in the sector. We also promote all innovative and inclusive products from insurance companies to reach the goal of making service digital together," Dr M Mosharraf Hossain added.
Managing Director Farzanah Chowdhury said Green Delta Insurance launched the first digital insurance in Bangladesh in 2018 and the company has been working on leveraging techs in insurance in line with Digital Bangladesh vision of government.
"Inspired by the theme of 'Insurance for Everyone', GDIC has introduced the comprehensive insurance mobile app – InsuMama with a bunch of smart features for making insurance more accessible to the people of the country," Farzanah added.
Officials mentioned the app will provide hassle-free insurance services to that all with end-to-end encrypted data to secure personal information of policy holders.
Earlier in 2016, Green Delta Insurance introduced the first ever mobile app for comprehensive insurance scheme for women in South Asia which provides safety net against various uncertainties.