Insure in India

Not Make in India. Not Innovate in India.

Make in China. Innovate in America.

But, Insure in India.

In the current period, every organization has been evolving as a global organization. Organization offers services and products with personalization for each and every global citizens. They think global; act local.

People don't consider Google as an american company. People do consider Google as their own company.  Same goes true for Facebook, Twitter and other social media.

So, for global citizens, Search in Google.

Just like those enterprises, nations are also evolving with specialization. China for manufacturing. When you buy a pair of scissors anywhere in the world, it is made in China.

Likewise, when you want to travel, it is Emirates. Travel in Emirates. Emirates as a nation; and as a global organization; offers travel services all over planet earth. Emerging nations like Sri Lanka could delegate the transportation responsibility to Emirates.

So, India as a democracy nation, cannot compete with China on manufacturing. So, Make in India will not work.

People of India still haven't realized the joy of freedom; they continue to be a slave to some masters; so, Innovate in India will not work. Slaves cannot innovate. Human being, who enjoys total and complete freedom innovate.

But, India could emerge as a capital for all Insurance business. So, Insure in India.

Good timing. During Obama's visit, India could sign for an agreement to manage the entire Obama care. That would be a good beginning.

Let us see the current insurance business model.
The following three actors are involved in any insurance business:

• Customers
• Service Providers
• Insurance company

Even in the current model, the Insurance company function from remote location. Customers buy insurance policy online or over phone. They never walk into insurance office.

So, it would be much easier to move the Insurance company from remote location to off-shore.

Insurance business is all about 'information.'  Information about customer behavior to fixe the premium. Information about service providers. In case of any crisis, the insurance company should be able to support the customer to go to the right service provider and come out of crisis.

So, Insurance company could operate from India and could support global citizens.

Indians are good in managing information; they do have expertise skills in computer hardware, software and networking. So, all insurance companies could move into India. Or Indian companies could expand their market into all nations.

Customers don't mind whether you offer service from India or from Mars. As long as they pay less premium, they would be happy.

Service providers also don't mind whether you pay from India or from Mars. As long as they get paid for their service, they would be happy.

So, disrupt the insurance business. You may start with simple insurance like, life and then expand to complex auto, flood, etc.

This may be just a beginning. Later you could disrupt the entire financial services and wall-street business operations.

You cannot disrupt agriculture; you cannot disrupt manufacturing. But all non-tangible, soft-skills could be disrupted easily.

Barack Obama would welcome India to disrupt the NewYork financial services and WallStreet business operations.