T echnological invasion in every sector has created quite the stir, and the insurance industry is no exception. The global insurance market is no longer dependent on agents to sell policies for high commissions; instead, it has resorted to online platforms and e-commerce channels to connect with target customers better. Being the home to almost one-third of the world’s population, the APAC region is undergoing drastic transitions in the wake of premium technologies. By mostly empowering employees with tools that enhance productivity, APAC insurers are digitizing their salesforce.
This entails a gradual shift in mindset among C-suites to openly embrace technology, break down barriers, and demonstrate how technology augments employee efforts. Also, bolstered by the positive feedback of performing insurance tasks online, insurers drive growth through D2C strategies–direct to the customer–where they engage digitally first with customers, cutting out “middleman” agents. Not only does digitizing insurance help in the preservation of fidelity of customer information, but it also drastically reduce costs.
In the wake of such drastic transitions, we have compiled this issue of CioReview APAC in order to assist organizations in the task of finding accomplished solution providers to help them navigate the insurance realm. In this edition, we have listed the top 10 insurance tech solution providers 2020 to highlight the companies that can escalate the chances of your growth. Equipped with innovative technological capabilities, these enlisted solution providers are transforming the insurance landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the insurance sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of CioReview APAC helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology.
We present to you CioReview APAC’s “Top 10 Insurance Tech Solution Providers - 2020.”