Latest news with #HDFCERGOGeneralInsuranceCompany
Business Upturn
01-08-2025
- Business
- Business Upturn
Building Tomorrow's Insurance Today: HDFC ERGO's TechPreneur Season 2 Grand Finale Showcases ‘Deep Connect' Breakthroughs
With an aim to encourage tech-innovation through out-of-the-box ideas in insurance, HDFC ERGO General Insurance Company, India's leading private sector general insurer, today announced the winners of Techpreneur Season-2, a launchpad for emerging startups to co-create the future of insurance in India. Business Wire India With an aim to encourage tech-innovation through out-of-the-box ideas in insurance, HDFC ERGO General Insurance Company, India's leading private sector general insurer, today announced the winners of Techpreneur Season-2, a launchpad for emerging startups to co-create the future of insurance in India. This is a first-of-its-kind program in the country that promotes unique tech ideas in the insurance sector by partnering with startups that are trying to address real business challenges and problems. Backed by BCG and Google, the programme invited cutting-edge start-ups to present scalable solutions with new-age tech such as- Claims Efficiency, Agentic AI, Sales Assist, Smart Underwriting Automation, Enhanced Experience for customers and employees, among others. The second season challenge was designed to foster co-creation, moving beyond pitches to a model where start-ups and industry leaders build solutions together. After a rigorous multi-stage evaluation, 32 shortlisted start-ups moved to the next level with Logicloop, CarePlix and VoiceOwl emerging as the winners. Commenting on the TechPreneur Season 2, Parthanil Ghosh, Executive Director*, HDFC ERGO General Insurance, said, 'India's Insurtech market is growing at an exponential pace. At HDFC ERGO, we strongly believe that while technology cannot replace the human touch, the right blend of human insight and GenAI can establish a 'Deep Connect' and ensure hyper-personalised experiences for every Indian. In line with this belief, the innovations presented at TechPreneur Season 2 were designed to offer tech-driven, empathetic and transformative experiences. We congratulate our winners and all the finalists and look forward to partnering with them to bring these powerful solutions to life, furthering our mission to secure a financially inclusive 'Bharat'.' Themed 'Deep Connect', season 2 of TechPreneur celebrated the powerful convergence of AI-driven intelligence and human empathy—fuelling solutions that reimagine how insurance can be experienced in smarter, more intuitive, and hyper-personalised ways. TechPreneur has rapidly scaled its impact- from reaching out to 140+ start-ups last year to 1000+ start-ups this year, reinforcing its position as a leading platform for start-up collaboration in the insurance sector. The initial rounds of the competition kicked off on 18th July, where 1000 start-ups were reached, and 32 were shortlisted for the second round of pitching. These shortlisted innovators were further put through a rigorous scrutiny in the second round of virtual pitching held on 24th July. The final 12 contenders were selected to present their ideas to an esteemed panel of judges comprising of Mark Klein, Chief Digital Officer and Member of the Board of Management of ERGO Group AG, Parthanil Ghosh, Executive Director*, HDFC ERGO General Insurance, leaders from BCG and Google, and other eminent industry leaders at the grand finale held on 31st July 25. The winners were awarded an opportunity for a paid Proof-of-Concept (POC) with HDFC ERGO. In addition, the winners also received Google Cloud Credits and access to invaluable industry insights and mentorship from BCG and Google, enabling them to further develop and scale their cutting-edge solutions. As a digital first insurer, HDFC ERGO continues to leverage technology to propel financial inclusion in the country and reach the last mile. From launching Here-App, one-of-its-kind insurance-led ecosystem to address real-life needs around health, mobility, and pets—to strategic alliances with IIT Bombay, Duck Creek, and Google Cloud, the company is reshaping insurance into a hyper-personalised, inclusive, and AI-powered experience for every Indian. *Subject to IRDAI approvals Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Time of India
30-05-2025
- Time of India
Insurer files forgery complaint over false medical claim
Ahmedabad: A general insurance company registered a police complaint against a man who allegedly forged documents to submit a false medical claim of Rs 84,444. Odhav police registered a case against Sanjay Patel on Thursday under IPC Sections 420 (cheating), 465 (forgery), 467 (forgery of a valuable security, will, or authority), 468 (forgery for cheating), 406 (criminal breach of trust) and 471 (using as genuine a forged document). The complaint was registered by Dr Srinivas Narsaiya, 43, assistant vice president at the Risk and Loss Mitigation Unit of HDFC ERGO General Insurance Company. He stated that the medical claims submitted by customers are verified and investigated by his office, and necessary opinions are provided. The complainant stated that in Oct 2023, the company received a medical claim in the name of Mahendrakumar Patel, 44, a resident of Idar, Sabarkantha. The claim was for Rs 84,444 paid for treatment at a hospital in Odhav. The amount was also paid upon verification of documents. Later in March this year, a complaint was filed at Naroda police station against Sanjay for submitting false treatment certificates and bills, committing fraud and breach of trust. The complainant stated that in 2022, a similar complaint was filed at Navrangpura police station against Sanjay and others. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo In Nov 2023, a medical claim bill was submitted in the name of Sunita Patel, Sanjay's wife. Upon investigation, it was found that Vinayak Hospital, located in Odhav, was registered in her name. The complainant stated that upon searching the company data, it was revealed that the patient Mahendrakumar Patel, on whose behalf the claim was submitted, never received treatment at Vinayak Hospital. Upon examining the claim documents, it was found that Rs 84,444 was paid to an account belonging to Sanjay. The claim put forth included payment receipts, discharge summary, bills and prescriptions from Vinayak Hospital. Upon visiting the hospital at the given address, it was found to be shut, after which the complaint was filed.
