Nov 20186CIOReview's circulation is audited and certified by BPA International (Audit Pending). Copyright © 2018 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.NOVEMBER - 30 - 2018Contact Us:Phone:510-683-5022Fax:510-894-8405Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.comNovember - 30 - 2018, Vol 04 Issue 08 Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Managing EditorPamela MorganSalesEditorial StaffAaron Pierce Ava GarciaAlex D'SouzaVisualizerGokul KGINSURTECH EUROPE SPECIALJennifer Stephenjennifer.stephen@insuranceciooutlook*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJoshua ParkerSarah FernandesSinchana NageshEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comNew technologies have always led to a series of innovations that help businesses improve their operation model, and enhance productivity and profitability. The insurance industry is no exception. Here the insurtech companies are leveraging technologies such as AI, blockchain, telematics, and IoT to come up with solutions that enable insurers to develop and launch new products, streamline the claims processes, prevent fraud, and enhance customer experience among others.An analysis report from Panorama Insurtech database of the companies' geography of incorporation has mentioned that though the U.S. has been the first home of insurtech companies, in the past few years the market's focus has shifted towards the UK and Germany. For instance, the amount invested in UK-based insurtechs rose from $19Mn in 2016 to $364Mn in 2017, as per an Accenture report. This rapid growth sends clear indication as mentioned by Roy Jubraj, Accenture's UK and Ireland insurance strategy and innovation lead, "The insurtech industry's rapid growth reflects investors' response to consumer appetite for change in an industry sitting on trapped value."As insurance companies are witnessing these changes, they are on the continuous lookout for the aptest insurtech for their business model. Currently, the market is offering a plethora of startup companies that claim to disrupt this arena, which has made even tougher for leaders to find the right one. To help insurance world decision makers understand and select the best-of-breed startup companies, our goal with this special edition is to highlight the top startups that leverage innovative technologies to drive customer success. This edition also blends thought leadership from subject matter experts with real stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Write us your thoughts.Shaping Future of Insurance IndustryPamela Morgan
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