BAGIC Connect March 2022 R1

CEO Corner Digital Initiative BAGIC In News From Allianz SE Knowledge Corner Financials BAGIC C NNECT March 2022

BAGIC C NNECT March 2022 CEO Corner Article | 'In the post-pandemic era, it's the human-centered CEO that is the need of the hour' We have been listening a lot about HR leaders who have made their way to the top designated job; CEO/MD. However, does that mean the company which doesn't have a CEO with an HR background lacks a “human-centered” approach? And if it does, how can the present CEO/CXOs develop that approach while dealing with people and related issues? Click to read Podcast | Life Lessons & Learnings I Bajaj Allianz General Insurance Happiness & contentment are not meant for postponement. We keep running behind momentary things. Live in the present, be happy & begin the journey now. Catch our MD & CEO, Mr. Tapan Singhel, share some lessons drawn from his life in the RED FMs new podcast, Insurance Guru hosted by RJ Mandee & Kabir. Tune in below to listen to 'Caringly yours with Tapan Singhel' INDEX

BAGIC C NNECT March 2022 Digital Initiative Various features available in our Caringly Yours App for our Group Health Customers. The app provides information and services on the go; buying and managing your policies is now easier than ever before! Add Group policy Group Policy details Quickly access and manage your policies and View your policy details make your claim Digital card (E-Card) My Claim Avail cashless facility at any network Experience digital claim process in simple steps hospital of BAGIC Caringly Yours App Extra Features INDEX

BAGIC C NNECT March 2022 BAGIC In News How Blockchain Will Help India Take a Digital Leap Is robotic surgery covered under a health insurance policy? Demand for OPD insurance covers surge in third Covid wave Covid related health insurance claims remain low in the third wave of the pandemic Insurers Expand Health Insurance Covers To Include LGBTQ Persons Six Factors that Can Increase Your Health Insurance Premium Want to increase your health insurance cover at low cost? Buy a top-up or super top-up policy Maternity Cover : Important things to know INDEX

BAGIC C NNECT March 2022 From Allianz SE #IWD2022 : Break the Gender Pay Gap! The unadjusted gender pay gap is a snapshot that shows the average differences in pay between all men and all women in the workforce. It stands at 15% in the EU. Reflecting mostly lower participation rates and shorter working lives, the unadjusted gender pension gap is more than twice as high. Click here to read this report by Allianz SE INDEX

BAGIC C NNECT March 2022 Knowledge Corner The radical potential of self-evolving robots 'What if robots could build and optimize themselves with little to no help from humans? Computer scientist Emma Hart is working on a new technology that could make \"artificial evolution\" possible. She explains how the three ingredients of biological evolution can be replicated digitally to build robots that can self assemble and adapt to any environment from the rocky terrain of other planets to the darkest depths of the ocean potentially ushering in a new generation of exploration.' Click on play button or scan the QR code to view this video *Source - TED PwC India| Mapping the Indian retail lending landscape Click here to read more The COVID-19 pandemic is one of the most important events in recent history which has had a profound impact on the global economy. It has affected global demand and supply worldwide, leading to a short-term recessionary trend in many countries, and cast a shadow on long-term growth. Both emerging and advanced economies were severely impacted in 2020 during the pandemic's first wave and the subsequent economic recovery was either slowed or severely affected with the outbreak of the second wave in 2021 across all major countries, including India. Disruptions and decreasing industrial output due to production cuts and workforce shortages led to business losses and liquidity crunches, resulting in layoffs and pay cuts, and increased unemployment. *Source - PwC INDEX

Financials BAGIC C NNECT March 2022 Comparing Insurer's Growth Basis Gross Direct Premium Underwritten The below table showcases the flash figures (provisional & unaudited) of Gross Direct premium underwritten by leading general insurers, upto the month of February 2022. Insurer GDP Upto Market Share Upto Growth Over February 2022 the Month of The Corresponding New India February 2022 ICICI-Lombard (INR Cr) Period Of United India 15.05% Previous Year Bajaj Allianz 29,961 8.30% 16,526 7.03% 15.15% Oriental 13,998 6.37% 26.84% National 12,678 6.28% (7.89) % 12,493 5.93% 8.38% General Insurers Total 11,798 10.41% Stand-alone Pvt 83.94% (6.68) % Health Insurers 1,67,066 Specialized PSU 9.07% 8.36% Insurers 18,048 7.00% 35.61% GI Business Grand Total 13,927 100.00% 18.59% 1,99,043 11.05% For a detailed report of all the General Insurers Click here *Source – IRDA Help Us Improve If you have any feedback pertaining to BAGIC Connect or if you wish us to run a knowledge series on any specific section of the insurance industry please write to us at [email protected] Disclaimer* – BAGIC brings this data purely for trend & knowledge sharing purposes and is not responsible for the data/research interpretations of the individual reports INDEX