Debasish Panda, Chairperson of the Insurance Regulatory and Development Authority (IRDAI), highlighted the transformative impact of technology in the Indian insurance sector at the Business Standard BFSI Insight Summit 2023. Panda emphasized the need for regulatory agility to adapt to technological advancements, encouraging insurers to invest in digital platforms for streamlined processes, customer engagement, and simplified procedures. He discussed the benefits of leveraging technology for predictive analysis, risk assessment, and precise underwriting. Panda also addressed the role of AI, climate change considerations, and the importance of cybersecurity in the evolving landscape of the insurance industry.