Green Delta introduces AI-based InsuMama app

Green Delta Insurance Company (GDIC) has introduced an artificial intelligence (AI)-based mobile application which is the 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 can also pay their premiums online and renewal of policies on a single tap on the digital platform as the officials informed at a webinar on Sunday. 

Dr M Mosharraf Hossain FCA, chairman of Insurance Development and Regulatory Authority (IDRA), was the chief guest, while Sheikh Kabir Hossain, president of Bangladesh Insurance Association, was the guest of honour, and Syed Almas Kabir, president of Bangladesh Association of Software and Information Services (BASIS), was special guest at the inauguration event of the new application.

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.

Dr M Mosharraf Hossain said the mobile app will enhance the sector's growth by promoting insurance inclusion in the country to cover more community. 

"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 the insurance companies to reach the goal of making service digital together," he said. 

"By 2021, Bangladesh's insurance penetration rate will rise to 7.04% and the industry will become a USD 2.2 billion market. The initiative to launch the Green Delta Mobile Insurance app as a pioneer among general insurance companies in the age of digitalisation is really commendable," said Sheikh Kabir Hossain.

Farzanah Chowdhury said Green Delta Insurance launched the first digital insurance in Bangladesh in 2018 and company has been working for leveraging technology in insurance in line with Digital Bangladesh vision of the 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. 

GDIC officials mentioned that the AI-based application will provide hassle-free insurance services to all with end-to-end encrypted data to secure personal information of policy holders. 

Earlier in 2016, GDIC introduced the first ever mobile app for comprehensive insurance scheme for women in South Asia which provides safety net against various uncertainties. 

Anyone can download the new InsuMama app from Google Play store and Apple Store.