They will have to drive reforms in public sector insurance companies, deepen penetration of insurance through social security schemes, help address product-need gaps by enhancing coverage of social security schemes and encourage cross-pollination of product innovation. The new annualized business premiums of life insurance sector and gross premiums of non-life will also grow at a similar pace.Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.This includes building a customer centric mindset, building bionic distribution by leveraging digital and data as a ‘force multiplier’ to enhance human interactions improving productivity and quality.15 lakh crore in the next 5 to 6 years.. Most importantly, insurers will have to adapt to the fast evolving reality and invest in themselves as well as their partners.Policymakers and the regulator also will have to play a crucial role in enabling the insurance industry to innovate. They will have to set up ‘next generation’ technology function as the core of a digital-led model and rewire business using analytics at scale.Chennai: By accelerating digitisation and leveraging next generation technologies, the life insurance sector can double its assets under management to Rs 70 lakh crore and the non-life to Rs 4 lakh crore, finds a study. According to a study by Boston Consulting Group (BCG) and FICCI, the AUM of life business will grow by a CAGR of 14 to 15 per cent till FY25 and this will double the assets from Rs 35.Insurers will have to accelerate process digitization and automation by deploying next generation technologies such as robotic process automation, artificial intelligence and machine learning.Digital trends will be a key catalyst for growth and will be at the core of the industry’s transformation, finds the study.80 lakh crore to Rs 70 – 75 lakh crore.The sector will also need policies to attract further capital flow to the industry, encourage innovation, implement robust risk-based capital regime in timely manner and facilitate dynamic underwriting for enabling further product Canvas&Textile innovation.85 – 4. Insurers will have to drive digital-led transformation across 10 major themes to unlock growth, improve business economics, and deliver sup-erior customer, distributor, and partner experience

.5 mW, they can be installed anywhere using battery power. They are highly useful in developing new services and functions based on information about "human behaviour", while also addressing privacy concerns. With the built-in antenna in a compact package of 9mm x 9mm and power consumption at 0. Comes with window film built-in motion detection function that detects the distance to an object and flags when movement is detected. For angle detection, it outputs pre-processed data by the built-in circuit, so angle information can be obtained with a simple calculation. The major elements for digital transformation involve highly-sensitive, compact, low-cost and low power sensing technology which can be implemented to various IoT devices.SC 1230 Series :All-in-one package radar sensor with built-in antenna, a radio circuit, A/D converter and ranging calculation circuit.The digital transformation (DX), which seamlessly integrates the physical and digital worlds is becoming essential to realize a super-smart society, dubbed "Society 5.FOV is a half-value angle. The company aims at expanding the usage of the products not only for home appliances but also for mobile devices and industrial equipment. The SC1230 Series, which can detect location and movement of persons with high sensitivity, low power consumption and low cost, is available now in samples, with volume production scheduled for the first quarter of 2020.The dual receiving antenna system allows 2D angle detection by using an external MCU.SC1232AR3: The Digital Beam Shaper feature enables to select a Field of View of either 120 or 95 degrees.5mW for detection of persons operating at 0.1% duty cycle in motion detection mode. After setting up the system from host MCU via I2C/SPI, it can be used simply by reading the detection result.Conventional radar sensors required advanced knowledge for handling, and it was also difficult to install them in home-use appliances because of the power consumption and the physical dimensions. The lineup includes two products, the SC1232AR3 which measures the presence and the distance of an object, and the SC1233AR3 which can also detect the direction. FOV and detection range with the actual usage varies depending on the surrounding environment., a leading provider of advanced SoC solutions for a wide range of applications unveils a new series of radio-wave ranging sensors for smart home and other IoT devices.Socionext will continue to explore the potential of new sensing technologies by developing radar sensor products and proposing new applications and solutions. FOV is 120 degrees and the detection range is 8m in the front direction.The new SC1230 Series is a new line-up of radar sensor products and detects the location and movement of persons with high sensitivity without recording images or sounds.0", the newly-formed Japanese technological initiative that shifts economic and social focus, blurring the frontier between cyberspace and the physical space. The detection range is 8 m in the front direction. Incorporating basic signal processing functions into the sensor device reduces the number of external components, and makes it easier to use without requiring specialized knowledge in signal processing.Socionext Inc. Users can choose the right product depending on their applications. It operates at an average power consumption of approximately 0. The company’s expertise in signal processing and circuit design technologies allows the SC1230 Series to achieve ultra-low power consumption, ultra-compact size, and high-cost performance simultaneously