Chola MS General Insurance, a joint venture of the $3.8 billion Murugappa Group and Japan based Mitsui Sumitomo Insurance Group, has bagged the “Financial Insights Innovation Award” at the recently held Asian Insurance Congress, Singapore.
The award was presented to Chola MS for their innovation by doing claims survey process in a mobile phone thus reducing time, increased productivity and fraud prevention, Chola MS General Insurance said in a statement.
“This is a great achievement wherein technology has collaborated with the claims in delivering a workable, cost-effective and simple solution to a complex issue of claims management and reduced turn around time...” Chola MS Managing Director Mr S S Gopalarathnam said on the award..
About 68 insurance companies from Asia-Pacific region participated in the Financial Insights Innovation programme to demonstrate innovation in the customer engagement, channel enhancement and product development, the statement added.
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