The insurance space is emerging high and wide with variants of technologies aiding its growth. This data-driven industry has a lot to contribute to and gain from the data tycoons such as the big data and cloud computing technologies, by devoting to data analytics and other modeling techniques. With the applications of IoT proliferating, the insurance tech industry is anticipating a walk along its pace. Insurers are looking forward to exploiting some of IoT’s well-connected devices, which enables capturing information such as driving habits to promote efficient claiming of vehicles.
Further, the digital engagement of customers through social networking is a never-disappointing show for gaining insights into personal intents, assisting in finding and claiming the right policies and promoting an end-to-end service management. Evidently, building a customer-centric business model remains at the core of any insurance company and personalization is an important element of this model. According to Gartner, by 2020, there would be an increase of up to 15 percent in the profits of digital businesses with the implementation of smart personalization engines that recognizes customer preferences. Looking at the gush and evident advancements, insurance industries are now aiming for a higher stand amongst the other sectors in the global arena.
Keeping that in mind, a distinguished panel comprising of CEOs, CIOs and industry analysts including the CioReviewAPAC’s editorial board has charted out top 20 Hottest Insurance Tech Companies for the insurance tech industry. These companies offer powerful solutions coupled with innovative strategies that are distinctively prominent in the field.
We present to you “20 Hottest Insurance Tech Companies - 2018”