APRIL 2018CIOAPPLICATIONS.COM6 APRIL - 13 - 2018INSURTECHSPECIALEditorialTechnology Revolution in InsuranceGone are the days when insurance was just a nice-to-have benefit. Today, insurance has evolved to become an important requirement and, therefore, constitutes an essential component of transactions involving health, automobile, life, property, or even travel. Given the desire among buyers for an engaging experience, today's insurers are required to be on their toes to meet the demand. Consequently, insurance companies are revamping their technology ecosystem by sunsetting the legacy systems to leverage cutting-edge technologies like the cloud, mobile, IoT, AI, robotics, and wearables.While technology has provided the impetus to automate and accelerate processes like underwriting and customized quote generation, digitization has accorded priority to consumer interests by allowing them to compare various plans and opt for a policy that best suits their requirements. In order to have a broader outreach, insurance companies are analyzing the policy data to identify the most sought-after preferences, using big data analytics, and tailor new products accordingly. Furthermore, as developing nations open up their insurance markets to global firms, insurtech vendors are offering solutions that can ensure compliance with local guidelines and statutory regulations. As the technology ecosystem takes a rebirth in insurance companies, CIO Applications has endeavored to examine the game-changing innovations in insurance technology and the organizations behind them. This edition presents insurtech firms offering best-in-class solutions to transform insurance, in addition to contributory articles from thought leaders in the industry on how to address and mitigate the various challenges that the C-suite faces.Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Volume 03 - 15Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorJoe PhillipGraphics & ArtJohn ConnorDeclan ColeAnil KumarSenior WritersClara MathewRoyce D'SouzaLeah JaneEditorial StaffAkanksha MinzBen JacksonClara BrittoEzra BenjaminJames SmithTejaswi KRJoe PhillipManaging Editoreditor@cioapplications.comJoe PhillipSalesEric Thomaseric@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405
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