Copyright © 2019 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 MorganSalesAlena D'souzaalena@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 ParkerCalvin JamesEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comOnce considered a tech laggard, the insurance industry today has revamped its stance on technology by capitalizing their investment on InsurTech in an attempt to mitigate the risks confronted by the clients. Furthermore, as incidents of natural disasters like hurricanes and forest fires increase in number, industry leaders and emerging companies in the insurance sector are turning to innovative InsurTech startups to acquire solutions that can automate the processing of claims and aid them in managing critical operations efficiently.To help insurance companies optimize the various aspects of their operation, InsurTech startups are incorporating leading-edge technologies such as the cloud, big data analysis, artificial intelligence, machine learning algorithms, and more. For instance, a number of InsurTech startups are offering cloud-based big data and predictive analytics platforms to unify the management processes for policies in a highly scalable manner. In addition, these independent firms are also helping small and medium insurance companies bolster their security measures by providing AI-powered cyber risk intelligence that gives a clear understanding of the organization's threat data, security assessments, and environmental factors. At the same time, InsurTech startups are leveraging blockchain and utilizing the technology's distributed ledgers to detect false approvals and claims. Above all, with the insurance sector finally implementing technologies in a more comprehensive way, the future of the space is predicted to be one where technologies are not only used to automate and optimize mundane tasks but also help insurers make smarter decisions. Our goal with this special edition of Insurance CIO Outlook is to feature innovative InsurTech startups that design and deploy the most promising enterprise solutions to drive customer success. The magazine comprises of insights from industry experts, as well as articles on selected vendors in the insurance technology space. We hope our readers can gain the vision to decide on the best company to collaborate with to mitigate all of the insurance-related challenges.Let us know your thoughts!Revolutionizing Conventional InsurancePamela MorganVisualizerChristina ThomasRonald DonovanNovember - 2019, Vol 05 Issue 12 (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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