CIOApplications
static-image
  • Home
  • Applications
      • Bioinformatics
      • Business Continuity
      • Business Intelligence
      • Chatbot
      • Collaboration
      • Custom Software Development
      • CRM
      • Enterprise Reporting Software
      • GRC
      • Human Resource
      • Indoor Positioning
      • InsurTech
      • Intellectual Property
      • IT Operations Management
      • IT Service Management
      • Low Code Platform
      • Maintenance Management
      • Managed IT Services
      • MarTech
      • Master Data Management
      • Mobile Application
      • Order Management
      • Parking Management
      • Procurement Tech
      • Publishing Software
      • Remote Monitoring
      • RFID
      • Sales Tech
      • SAS
      • Software Testing
      • Task Management
      • Unified Communications
      • Workflow
      • Workplace Management
  • Verticals
      • BioTechnology
      • Construction
      • Contact Center
      • Education
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Legal
      • Logistics
      • Manufacturing
      • Travel and Hospitality
      • Utilities
  • Technologies
      • Agile
      • API
      • Artificial Intelligence
      • Blockchain
      • CAD/CAM
      • Cloud
      • Cyber Security
      • Data Analytics
      • Data Center
      • Digital Transformation
      • Graphics
      • IoT
      • Machine Learning
      • Machine Vision and Imaging
      • Predictive Analytics
      • Robotic Process Automation
      • Simulation
      • Smart Labelling
  • Eco System
      • Adobe
      • Amazon
      • Esri
      • Google
      • IBM
      • Infor
      • Kubernetes Partner
      • NetSuite
      • Oracle
      • PTC Partners
      • Qlik Partner
      • Salesforce
      • ServiceNow
      • SiteCore
      • VMware
  • Vendors
  • News
  • Newsletter
  • Whitepaper
  • conferences
  • About Us
  • Specials

  • Menu
      • Business Continuity
      • Chatbot
      • Cloud
      • Collaboration
      • Contact Center
      • Esri
      • Human Resource
      • InsurTech
      • IT Service Management
      • Machine Learning
      • Manufacturing
      • Master Data Management
      • Procurement Tech
      • Robotic Process Automation
      • Salesforce
      • ServiceNow
      • Software Testing
  • Contact Center
  • Collaboration
  • Chatbot
  • Esri
  • Human Resource
  • InsurTech
  • Machine Learning
Specials
  • Specials

  • Business Continuity
  • Chatbot
  • Cloud
  • Collaboration
  • Contact Center
  • Esri
  • Human Resource
  • InsurTech
  • IT Service Management
  • Machine Learning
  • Manufacturing
  • Master Data Management
  • Procurement Tech
  • Robotic Process Automation
  • Salesforce
  • ServiceNow
  • Software Testing
×
#

CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

Subscribe

loading
  • Home
  • InsurTech
Editor's Pick (1 - 4 of 8)
left
Driving Insurance Agent Productivity with Mobile and Big Data Solutions

Driving Insurance Agent Productivity with Mobile and Big Data...
Brad Bodell, SVP and CIO, CNO Financial Group, Inc.

Consumer Insight, Experimentation and Other Winning Strategies for the Insurance Disruption Game

Consumer Insight, Experimentation and Other Winning Strategies for...
Louise Billmeyer, VP & CIO, Principal Financial Group

Innovation challenges and the Insurance Broker

Innovation challenges and the Insurance Broker
JohnPetersen, CIO, Heffernan Insurance Brokers

How IT Transformation is Enabling Nationwide's Digitization

How IT Transformation is Enabling Nationwide's Digitization
Michael Carrel, SVP-IT & CIO, Enterprise Applications, Nationwide

Redefining the Future of IT in Insurance

Redefining the Future of IT in Insurance
Murali Natarajan, SVP & CIO, West Bend Mutual Insurance

InsurTech

InsurTech
Mary Kotch, Executive Vice President & CIO, Validus Reinsurance

A Practical Approach to Innovation

A Practical Approach to Innovation
Mark L. Berthiaume, EVP, Chief Information Officer & Chief Technology Innovation Officer, The Hanover Insurance Group

Building Towards Tomorrow: Driving Change in Insurance

Building Towards Tomorrow: Driving Change in Insurance
Mary Kotch, EVP & Global CIO, Validus Reinsurance

right

Thank you for Subscribing to CIO Applications Weekly Brief

Insurance Becoming more Customized with Innovative Tech Trends

By CIO Applications| Monday, July 29, 2019
Tweet

Insurance Tech TrendsThe vision of the insurance sector is now driven by new technological developments and procedures, founding a change for better.

FREMONT, CA: Technology is dramatically influencing insurance practices. More than ever, insurers now need effective data-driven ideas to evaluate risk, lower claims, and generate value for their clients. With a constant influx of innovative products, the sector is abuzz, deriving value out of every aspect which makes up the sector. Here are a few latest insurtech trends changing the landscape to a vast extent.

Artificial intelligence (AI)

Within the insurance sector, the amount of information accessible makes it a top AI candidate. There are already instances of insurers using more advanced machine learning analytics to assist their employees in fields ranging from analyzing social media to pricing and claims–and this trend will undoubtedly continue to revolutionize.

Drones

Drones deliver enormous advantages in the management of claims. In situations such as fires or floods where a claims adjuster cannot obtain immediate access, a drone can be flown over the estate to determine

the magnitude of the harm. In addition to improving customer service because of the velocity at which this service can be supplied, repairs can also start much earlier.

Automation

In every industry, automation transforms offices, and insurance is just one of many to adopt the technology. The efficiencies of back-office have skyrocketed like never before, as machines are "outsourced" to all kinds of procedures.

Virtual reality (VR)

VR can transform the collection of data for underwriting Solution  as well as the settlement of claims. For instance, an insurer could use VR to create a room's three-dimensional image or in minute detail reconstruct an accident.

Security

Over the past few years, hacks, phishing, and identity theft have been in the news, far too often, resulting in some major changes in how we think about our personal data. It follows that technology is what we will use to safeguard it in a globe where technology is used to steal data. Many of the recent computer center developments around safety need to be embraced by insurance if it wants to survive.

The insurance ideas marketplace is already a reflection of the modifications that clients want to see from their insurance suppliers, with novel insurtechs being instrumental in bridging those unmet needs and providing the consumer with positive, and distinctive insurance coverage.

tag

Virtual Reality

Weekly Brief

loading
ON THE DECK

Top Vendors

Field Service 2021

Top Vendors

Previous Next
Tweets by CIOApplications

Read Also

Four Benefits of Cloud-Based Business Budgeting Software

Four Benefits of Cloud-Based Business Budgeting Software

Four Major Benefits of Green Technology in the Construction Industry

Four Major Benefits of Green Technology in the Construction Industry

Things You Should Know About Insurtech

Things You Should Know About Insurtech

AiFi Announces Partnership with Wundermart to Launch Autonomous Convenience Stores

AiFi Announces Partnership with Wundermart to Launch Autonomous Convenience Stores

Abalta's WebLink Receives Support from Genius Maps

Abalta's WebLink Receives Support from Genius Maps

iTradeNetwork Implements Walmart-Compliant ASN on its Platform

iTradeNetwork Implements Walmart-Compliant ASN on its Platform

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe |  About Us

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/insurance-becoming-more-customized-with-innovative-tech-trends-nid-4787.html