With the proliferation of emerging technologies in the life insurance space, insurance companies are starting to feel the effects of technology and might of data analytics. Consequently, technology solution providers are now taking up an increasingly dominant role in reshaping the industry. Modern insurance technology solutions are challenging the current state of affairs of the insurance sector all the more, leading to change in the business processes of the insurance industry altogether. The recent technological advancements in the insurance industry have set the digitalization journey in motion for the incumbent insurance companies.
As IoT and data analytics are making inroad in the insurance tech, the present insurance marketplace is witnessing the rise of a myriad of technologies. This digitalization trend is driving a change in the business models of insurers, creating new InsurTech partnerships through disaggregation in the insurance value chain. Against the changing landscape, insurance companies are now looking at blockchain, augmented reality, artificial intelligence (AI), and robotic process automation (RPA) to streamline their business processes and operations.
To help companies navigate through the best-breed insurance technology solutions provider, CIOReview APAC has compiled this edition on top 10 insurance tech solutions providers. Through a distinguished panel comprised of CIOs, VCs, industry analysts, CIOReview APAC’s editorial group, we have evaluated and shortlisted 10 organizations that have significantly stood out as some of the most prominent players in the insurance technology arena for the year 2019. The organizations featured in this issue through their business knowledge and industry prowess have established their eminence in the insurance technology sector.
We present to you CIOReview APAC’s “Top 10 Insurance Tech Solution Providers – 2019.”