In healthcare, the main challenge when big data is concerned is to ensure that both healthcare providers and patients are benefiting from the huge flow of information, and are not getting confused by it. Big data is not to be forced and is to be adopted by the healthcare system, in a stable and efficient way. There is a need for targeted and personalized data to improve service quality, even at doctors’ levels. Restricted accessibility to information often creates hurdles for healthcare organizations. The healthcare providers are now deriving both medical and financial information from the insurance sector. EHR data can act as a major playground for big data analytics, as the healthcare sector are adopting more and more e-measures. Read more at: http://healthitanalytics.com/news/how-healthcare-big-data-analytics-drives-systematic-improvement

Increased life expectancy in the Asian region means plenty of business for insurers, with need for health insurance etc. Insurance premiums are growing faster than Europe and North America yet still largely it remains underinsured. Culture dictates that majority build up savings themselves rather than pay someone else to bear it. Innovative products are offered for specifically for Asian countries because of the demographic dividend. The growth of the insurance market is typically fuelled by innovative product design and population pressure. Many global insurance tycoons are joining hands with Asian tech firms, banks to launch their products in the large expanding markets.
To know more: http://www.economist.com/news/finance-and-economics/21654086-insurers-asia-cauldron-innovation-also-competition-astounding?zid=300&ah=e7b9370e170850b88ef129fa625b13c4

There is a lack of awareness about the insurance sector but it has a lot of attractive and interesting propositions to offer. Amendments have been made to the Insurance Act, 1938.  Foreign investment ceiling in insurance companies has been increased which will boost job opportunities and growth potential. But, talent retention is a challenge in this sector. Economic and regulatory changes have affected this sector. This led to companies adopting short term policies over long term ones. It is also predicted that salary structures would increase slowly with average increment levels at 8% for the current year. Read more at: http://info.shine.com/article/talent-retention-is-a-big-challenge-for-insurance-firms/8814.html