MAY 20206Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction 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 thereof.Managing EditorPamela MorganSalesDave Barcodave@insuranceciooutlook.comContact Us:Phone:510-683-5022Fax:510-894-8405*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaAlex D'Souza Dan StanleyJoshua ParkerKokila Rani SEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comAnalytics is becoming a game-changer for insurers, expanding beyond the traditional focus on risk to all the areas of the insurance business. Data analytics provides valuable insights into the different facets of company operations and performance. Due to this, there is an increasing demand among companies for analytics as they want to transform information into actionable insights. Now, a new wave of innovation and advanced analytics are introducing new product lines and bringing more value to business functions. Organizations are bringing data analytics into their functions to dive deeper into the endless volumes of data. By analyzing customer data, insurers can gain a better understanding of serving their clients more efficiently. With enhanced services, insurers will be able to see an increase in revenue and policy retention, which will, in turn, bring in more profitable client relationships. To cater to the changing customer demands, insurers are on the lookout to leverage relevant data from the areas of social media, connected devices via IoT, and mobile platforms to optimize and digitize their functions. With technological advancements like machine learning, automation, and natural language processing at the core, insurers can serve customers better and have organized settlement procedures. Motor insurers are deploying predictive analytics to determine the driving habits of their customers. To ensure client validation securely, organizations are leveraging distributed ledgers along with the identification of false approvals and claims. The key for insurers is to motivate their highly skilled workforce to adopt the latest tools and use them creatively and with confidence. To help organizations achieve this successfully, this edition of Insurance CIO Outlook features insights from industry leaders and innovative solutions from technology firms. We hope this edition helps you in making the right choices for a successful tomorrow. Unleashing the Potential of Advanced AnalyticsPamela MorganVisualizerJohn WalterMay - 11 - 2020, Vol 06 Issue 04 (ISSN 2644-2795) Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.com
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