NOVEMBER 2017CIOAPPLICATIONS.COM6NOV - 06 - 2017INSURANCE TECHNOLOGY SPECIALCopyright © 2017 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 02 - 20Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Graphics & ArtJohn ConnorDeclan ColeAnil Kumar VSalesGeorge Thomasgeorge@cioapplications.com510.757.1040Mailing Address:ValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.757.1040 EditorialTech Talk for Insurance IndustryTransformation of legacy systems and incorporation of new age technologies are what global insurers are looking forward to. In a slow recovering economy insurers are keener to experiment with new business models and products to drive efficiency and growth at affordable costs. Deploying modernized tools is not the only aim. Driving effective results out of it by serving customers with 24/7 assistance and meeting their needs to next level of satisfaction is the motto here. With the help of modernized technologies such as IoT, the insurance market can get facilitated with new forms of user-friendly coverage, services on mitigating loss and transferring risks to product liability. Advanced analytics on the other hand assists in personalizing risk selection along with empowering claims management and segmentation. Blockchain technology again modifies secured data storage enabling execution of proficient guiding principles through smart contracts. In addition to these, robotic process automation also improves analysis, compliance, and routine data collection while lower-level client interaction can be processed through virtual service providers. Leveraging such tech tools, proficiency, data security, claims, pricing, precision, user experience, and regulatory compliance can be enhanced. More importantly, this will strengthen the client-insurer relationships. To fulfill such objectives and to gain a competitive advantage, tech innovation is also essential in segmentation, analytics, distribution, product design, telematics, and client experience. Possessing a plethora of tech solutions insurance companies are all set to address and overcome the emerging challenges in the insurance industry. On that note we have brought "Top 25 Insurance Technology Companies 2017" with the hope that the valuable insights from the industry leaders will help you with your future endeavors.Let us know your thoughtsManaging EditorJoe PhillipAssistant Managing EditorPriyajit GhoshSenior WritersClara MathewRoyce D'SouzaRohit Chaudhary Editorial StaffBen JacksonDaniel HolmesEzra BenjaminJames SmithNaomi DaleSpurthi Patil *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJoe PhillipManaging Editoreditor@cioapplications.comJoe Phillip
< Page 5 | Page 7 >