Copyright © 2020 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.JULY 09, 2020, Volume 06 - Issue 19 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe Phillip*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffSalesSebastian Jacobsebastian@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405EditorialEmbracing Next-Gen InsurTech to be Future-ReadyToday's insurance industry is indeed heading down the path of disruptive innovation. The rapid proliferation of the new-age technologies such as analytics, artificial intelligence (AI) and the Internet of Things (IoT) are playing pivotal role in delivering increased levels of personalisation and better real-world outcomes for customers.Digitization has made it possible for the insurance company to have direct interactions with their consumers and also bring best-of-breed services at their fingertips using mobile applications. On the other hand, data analytics may be the next frontier, opening the door to an array of benefits in personalizing risk selection along with empowering claims management and segmentation. Similarly, augmented reality, AI, and ML have also created new opportunities to help insurers realize automation and hyper-personalization of offerings for their customers. Leveraging such tools proficiency, data security, claims, pricing, regulatory compliance, and much more, can be improved.Insurance technology is poised to mature even more in 2020. The global insurtech market is expected to grow significantly, owing to the factors, such as simplification of the claim processes, improved customer experience, and the capabilities to implement automation. Also, Incumbent insurers are currently focused on catching up with their competitors around customer centricity.This edition of CIO Applications features some thoughtful insights from subject matter experts along with exclusive information on selected vendors that can help them in their journey forward. Leafing through these pages will keep you updated on the refreshing technologies and the latest trends in the modern insurance stack.Let us know your thoughts.Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipGraphics & ArtIssac GeorgeEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJune MichaelRose DcruzSenior WritersClara MathewLeah JaneRoyce D'Souza
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