| |December 20184CIOReviewEditorialInsurance industry covers a wide range of risks and is governed by numerous laws and regulations. Although these factors have led to a rather slow evolution of the insurance sector, it has come a long way. Innovations in the marketplace, technology advancements and digital interactions are transforming and modernizing the industry. Technology is both streamlining insurance business processes and enhancing customer experience, leading to a dramatic overall improvement in the way the industry operates. In order to sustain and grow in a rapidly digitizing world, the insurance sector needs to adopt emerging technologies and redefine their ways of operation. Artificial Intelligence is a disruptive technology that is impacting all industries across the globe and insurance is no exception. It is gradually seeping into almost all aspects of the insurance sector, adding value to the business processes. Today, machine learning algorithms are being leveraged in evaluating risks and identifying suitable insurance offers for customers. Enterprises are also combining AI with core activities such as claims processing and underwriting to enhance efficiency and achieve greater accuracy. Another disruptive technology which the insurance sector has begun to use is Blockchain that is being used for client validation and identification of fraudulent activities, like false claims and approvals. Transactions involving high-cost assets are tracked and validated on a distributed ledger, and the identity of a claimant is verified using trusted identity providers. Next in line is IoT, wherein insurance providers are developing creative and tailored insurance solutions for IoT-driven products such as self-driven cars and connected homes. With the help of sensory technology, huge volume of data is collected from IoT-driven devices. Analytics helps in deriving actionable insights from this data and offering personalized solutions to customers. In this issue, CIOReview India has come up with a list of 20 Most Promising Insurance Technology Solution Providers who have proved their mettle in this domain with their innovative approach. These companies pride themselves on keeping pace with the latest technological advancements in this domain. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comInsurance Undergoing DisruptionVOL 6 · ISSUE 12-6 · DECEMBER 17, 2018 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediCIOReviewGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Veena R PiddannavarSuanyaCIOReviewEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiAmeet Kumar SahooPrinted 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 © 2018 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.Janifha EvangelineLakshmi GNazish HussainShaheen SaikiaSeena KennethSuchita GonsalvesVinisha PaivaNoidaTel 120 4639300
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