[InsurTech] The Invisible Digital Umbrella

An umbrella is a universal sign of safeguarding humans and things from a rainy day, that day when the risk materializes. As the modus operandi stands today, insurance policies are for individuals and corporations (I will call these insured) to understand and control; it is the policyholder who, along with the advice of the advisories, has to take ownership and responsibility of crafting the most desirable policy. The umbrella has to be “held” by the policyholder.

In the next phase of evolution of insurance the “umbrella will become invisible”, the size and the offerings of this umbrella will change without the intervention of the user. All sorts of data will be mined, complex risk and predictive models will be created for an insured, which will result in an insurance policy that will starting living, morphing and adapting along with the insured (let’s call this the “Gosain Theory of Insurance Evolution” for now). The umbrella will then become invisible, but be forever there – from cradle to grave, to cover the material possessions, the enterprises and the loved ones. Insurances will live lives for several generations and be passed on in inheritance – completely digital. The data sets that the families generate will be converted into further predictive models and the focus shall shift to maximum prevention.

Marriage or Mergers shall bring together two unique Invisible Digital Umbrellas, to create another family or a JV umbrella. Hence, there would be Individual and the Joint Venture Invisible Umbrellas. Divestiture which are not easy, might become easier when the records of each individuals are being built and then pooled to create the family signature.

The umbrella will become invisible, but it will let live and live, for generations.


Teams – a Microcosm of Democracy

Teams represent a microcosm of democracy. It is said that a fully functional democracy is one where people are heard and their ideas implemented.

Conceptually Agile or Scaled Agile is based on these fundamentals. The way Scaled Agile works is exactly the way a functioning and booming democracy might want to work. While the direction is set at a national level, the interpretation and implementation of the actions is at a state level and are governed by the state [government]. This goes right up till the local levels of government. Governance is best when achieved at a local level through Local Self Governance (LSG)

So similar are the concepts and delivery of Scaled Agile to that of the constitutional framework, that Scaled Agile can be applied to the functioning of governments.

In the mid-2000s having volunteered extensively for furthering the Right to Information Act (RTI) in India (Freedom of Information in USA) for bringing change in education, road infrastructure and environment, I applied the essence of RTI in my teams at work. The 2 basic tenets of Right to Information – asking questions and maintaining as much transparency of decisions as possible either through responses of the questions or through self-disclosure – were exploited and enhanced. It worked wonders – people responded and the team performance improved manifolds. The first change that took place was that the team became supremely confident of what it did, taking decisions and innovating while being self organized and motivated. The fall-out of the indulgence was that when I left the organization and the team members reported to other managers – one of the team members mentioned, you got us into a difficult situation now, not everyone likes to answer our questions…

Unequal People of America too?

I am an Indian in US, came in last year and probably around for another few years. I have just moved from Delhi where the present Delhi Chief Minister won a landslide victory on tenets similar to that of Mr. Sanders. The words are same, they touch your heart, for he speaks from the heart too. However, Bernie will not be [the President]

I work in Hartford and travel in the CT Transit bus everyday; I see the America that probably not many see from the cars. Having worked in several countries before, I am touched that this great country is still talking about “Black Lives Matter”, Diversity & Economical Inclusion, Inequality, minimum wage, political corruption, financial corruption, health care and most importantly, about Education.

I also was thinking, when did America start getting worried about immigrants? Ya, Immigrants? America was built on being the first, being the best and it has to sustain this prowess. For that Education, Health, Infrastructure remain paramount. When manufacturing moved outside The US, Education and Innovation capabilities in US should have moved up several notches; why can’t the Ivey Leagues be replicated, why can’t there be World Class Schools, yes each and every school and why can’t MIT be a national chain of institution?

If there can be a genuine grounds up revolution in this country, and I, even as an temporary resident can help, I would like to.


How Much Good Can Occur Through You?

How Much Good Can Occur Through Me?

How Much Good Should Occur Through Me?

What Good should that be?

There is a Deep Connection & Sensitivity with the Surroundings I have and the World that I am in.

If there is an understanding of that and the Good, then I should.

There is a Meaning and Purpose of my life, that As Much Good Should Occur Through Me. Yes, I should.


Mankind Going Back to Storytelling?

In the last few months I found myself educating myself on several Methodologies, Processes and Technologies on YouTube. The tutorials and documents presented by Google Search did not cross my mind; the books on the computer table and the shelves lay unopened for several months.

I recollected the debate-ish conversation with my wife’s Googler cousin a few months back – of how Audible might be setting the wrong precedence for the current and next generations. Of how people are slowly getting off the books and how the imagination of a reader is curtailed by the boxed sounds and the imagery that Audible creates. It is quite possible that Audible and the likes may be taking imagination to a different orbit. We will need to “hear” a bit more about it!

It just “struck” yesterday – how in the centuries before, the scriptures were taught verbally and how the knowledge was passed on, with the preciseness such that some of them are better kept alive verbally. Case in point – The Vedas. Today, the importance of Storytellers in communities and organisations who keep the traditions and culture alive and present and who hold and pass on the generational heritage, is being greatly professed.

Taking the thought further, on the itsy mobile devices, naturally, it is easier to listen and view the NEWS rather than read it, the shift to listening is natural. In the olden days the content of news was governed by the broadcasters however, today its the content of choice and it global. We listen more than we probably read today. And read, we what – Facebook, Twitter, LinkedIn – quick n easy. Wait, its probably the video posts that we watch more than anything else today 🙂

Being no researcher, but an observant, it is still to be seen if the balance would shift towards audio. Speech is the first mode of communication, probably most and better understood. Another question is – does reading spark the imagination more than listening?

Just some thoughts, which I chose to “write” about, on the blog I was ignoring 🙂

The Case of Shifting Food Supply Chains

It is a conundrum like no other, that near the metros, land is being taken away for development of real estate by sacrificing agricultural land. The food that came to Delhi from Noida or Gurgaon now comes from Tarau and in the near future will come from beyond. For this we need to transport food, on an inefficient road network, on an inefficient supply chain, which any way runs on no power or subsided diesel. What remains worrisome is the energy requirement to run the cold chains that are being professed as the solution to the woes of Indian F&V value chains. The focus on innovation on building cold chains meeting sustainability standards have to be started immediately. As with many other generation skips that India has had on the deployment of newer technologies, this opportunity has to be taken cognizance of.

On a larger, introspective scale – we need a well designed development model that ensures near-home availability of food especially in the growth centres, the metros. The pride and passion of growing food next door has to be built in.

The Urban Walkway/Cycleway Sprawl for Gurgaon

I live in Gurgaon, India.  This seems to be a smallish city as of now, which is made to seem much larger and much unmanageable when people are awake, that is, when there is traffic. The population touching 900,000, it just seems too crowded already. Flyovers are already being planned, Rapid Metro is functioning.

The great thing about Gurgaon is that it offers a mixed development, which makes it possible for you to access everything of need and want – office, the best hospitals, entertainment, Eating Havens, Schools, etc. All this would be 5-10 minutes by car, if there is no traffic.

From the 12th Floor of probably the most central condo here, I can see almost all the places of my interest. My office, my wife’s office, all my banks, places we eat out, metro, yes, everything. That set about a thought, instead of building flyovers, (which any way have not done too much to reduce jams in Delhi), we can build a great intersection of modern covered air conditioned (renewable energy powered) elevated walkways/cycleways, with modern escalators and travelators, leading to all important places in Gurgaon. It would be designed such that it fits well into the landscape, or even elevates the landscape of Gurgaon. These can be built using pre-fabricated material, faster to deploy, will require excellent study and design to plan this project.

Benefits :-). There are lots…