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Editor's Pick (1 - 4 of 8)
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Building the Brand Starts with Customer Service & Data Insights

Building the Brand Starts with Customer Service & Data Insights
Wes Beighley, CIO, O.F. Mossberg & Sons Inc

Bridge The Gap Between Field Workers And Head Office

Bridge The Gap Between Field Workers And Head Office
Chris Dermody, CIO, Denver Water

Enhancing Guest Experience through Technology

Enhancing Guest Experience through Technology
Eric Rosenzweig, CIO, Garden Fresh Restaurant Corp

Stop Taking Turns and Start Taking Action: True Collaboration Occurs Within a Shared Workspace

Stop Taking Turns and Start Taking Action: True Collaboration...
David Kung, VP Product Strategy, Oblong Industries

Calling Edmund Berkele...

Calling Edmund Berkele...
Feroz Merchhiya, CTO-Director of Technology, California Insurance Guarantee Association

10 Economic Benefits of Hosted (Cloud-Based) Document Imaging Solutions

10 Economic Benefits of Hosted (Cloud-Based) Document Imaging...
Anne Marie Girard, Director, iDoc Delivery/HIM Services, CareTech Solutions

Voice is dead! Long live the Voice Interface!

Voice is dead! Long live the Voice Interface!
Joe Manuele, Group Executive, Customer Experience and Collaboration, Dimension Data

Cloud First - Are we there yet?

Cloud First - Are we there yet?
Scott Fenton, Former CIO, Wind River & Executive Consultant-IT, Scott Fenton Consulting, LLC

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Reshaping the Insurance Sector with Emerging Tech Trends

By CIO Applications| Monday, July 22, 2019
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Insurance SectorDramatic technological changes are reshaping the insurance industry, enabling it to scale beyond typical conventions of expectations.

FREMONT, CA: Insurtech is full of realizable hypothetical crystal balls contemplating into the future. Predictions of intermediating robot-driven marketing policies and human microchips supplying data to blockchain-supported underwriters are two potential innovations. Vast amounts of technology innovations are being tried and tested in the insurance world. Augmented Reality (AR) is one among the most notable trends that insurance industries will be adopting in the near future. Many insurance companies have already started testing AR in the ways they operate.

AR  is on the spectrum between Virtual Reality (VR), which creates computer-generated environments, immersive, and the real world. It will empower insurers to intensify reality with graphics and other computer-generated synergistic tools. This has the potential to heighten customer experience levels and enhance efficiency throughout the insurance value chain. The succeeding big trend is the application of quantum computing, which will open up new data sets and provide insurers with a new approach to processing information.

Quantum computing will transform the way insurance companies carry out very complex calculations. It is going to be relevant in the world of actuaries. AR and quantum computing have a significant future in the insurance sector. Technology start-ups and insurtech enterprises are already formulating solutions and platforms around these ideas. As these new businesses make progress, compelling insurers actively prospect consolidation possibilities.

Big insurance firms are acquiring small innovative start-ups. The thinking behind this consolidation is effortless as organizations can offer a competitive advantage. Core insurance systems are being improved at scale to increase collaboration, optimize processes, and reduce costs. Financial and insurance services at large should be as simple as ordering a movie ticket online. Innovation is the key to transforming the financial services and the insurance industry to serve the digital generation.

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