| |December 20174CIOReviewOffice Editorial queries editor@cioreviewindia.comAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103NoidaTel 120 4639300 To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarSales & MarketingAmrit SinghIndranil ChakrabortyRohit RaghubanshiRavi KalgiCIOReviewGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamChitra MishraArchee RoySuchita Gonsalves Vinisha PaivaAnitha TLakshmi GCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017MaitreyeeCIOReviewVOL 5 · ISSUE 12-3 · DECEMBER 11 - 2017Sheethal M S Mohana KrishnanSr. VisualizerVisualizersPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2017 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production 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.EditorialEditorialThe year, 1818, saw the advent of life insurance business in India with the establishment of the Oriental Life Insurance Company in Calcutta. Ever since, insurance industry has undergone a massive makeover. Senior industry veterans will agree that if we took a walk down the memory lane we'll see massive mainframe computers filling rooms, requiring heavy duty air-conditioning and raised floors to hide all the cables and wires. We'll see an array of rows of desks piled high with paper with each desk having a woman (typical for the era) seated and doing clerical work. Rooms lined with shelves bulging under the massive amount of file folders; the storage medium of choice for an industry awash in data and facts, as they relate to the carrier's policyholders. Now fast forward to present, the vast majority of clerical jobs have been supplanted by technology and software advances. The shelving is gone for good, replaced by high capacity storage devices containing digitized images of the former paper records. Due credit goes to Enterprise Content Management. We see potential customers self servicing their own needs, quoting, doing inquiry, and paying premiums themselves. The slow and traditional field agents are now tech savvy and filing claims on the go with mobile technology. For several decades now, Data has been the lifeblood of the insurance industry; but data is evolving faster than most of the industry tools used to capture and measure it. Like that of the digital transformation that took place in the auto industry via GPS tracking systems, digital tools can provide health insurance companies with detailed information related to the consumer's health and lifestyle habits, and thus allow the insurers to fix premium and insurance costs with increased accuracy. One of the top health insurance companies in the country has recently launched Health ATMs in its partner bank branches. These Health ATMs will perform non-intrusive medical tests on customers and issue indemnity-based health insurance policies with a basic health cover.For a country developing at light year speed, there is absolutely no room for insurance industry to fall back the lines of digitalization. In this edition of CIOReview India, we have brought forward C2L Biz a par excellence insurance technology solution vendor. Besides, we have assembled the top 20 most promising insurance technology solution providers. I hope the technologies and innovations these vendors offer, assist your organization to further transform this industry and accelerate its growth. Do let us know what you think. Emmanuel Christi DasAsst. Managing Editoremmanuel@cioreviewindia.com.One Cannot Rule Out Data Here! PublisherEditorAsst. Managing EditorAlok ChaturvediSudhakar SinghEmmanuel Christi Das
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