OCTOBER 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.OCTOBER - 31 - 2018Contact Us:Phone:510-683-5022Fax:510-894-8405Email:sales@insuranceciooutlook.comeditor@insuranceciooutlook.commarketing@insuranceciooutlook.comOCTOBER - 31 - 2018, Vol 04 Issue 09 Published by ValleyMedia, Inc. To subscribe to Insurance CIO OutlookVisit www.InsuranceCIOOutlook.com Managing EditorPamela MorganSalesEditorial StaffAaron Pierce Ava GarciaSarah FernandesVisualizerJohn GouthamINSURTECH STARTUP SPECIALJohn Varghesejohn@insuranceciooutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffAlex D'SouzaJoshua ParkerShiv ShankerEditorialPamela MorganManaging Editoreditor@insuranceciooutlook.comThe insurance industry has always been resistant to change, especially when it comes to the adoption of cutting-edge technology. This is mostly because of its risk-averse culture. However, now things have started to change as the insurers are facing a vast range of customer demands, from flexibility in policy risk coverage to payment of claims and premium. Today's customers want everything at their fingertip and in sync with their busy life schedule.However, the legacy tools of the insurance sector are not proficient enough to address these demands and there comes the insurtech startups. By leveraging new age technologies, like artificial intelligence (AI) and machine learning (ML) efficiently, these startups help insurers enhance their customer experience. For instance, they help insurers find the right policies to cover their requirements at a right price. This is why these days insurers are more open towards investing in startups and see this as an opportunity rather than a threat.Besides, the startups are also leveraging technologies such as cloud and automation to prepare insurance companies to serve their customers and prospects anytime, anywhere. Here, the customers' data is sourced into the cloud servers and automatically streamed to process the next steps, including underwriting. Along with these, IoT is also contributing a lot in the changing insurance landscape by providing insurers with detailed data about customers to help them develop and offer the right products at the right time.Currently, the insurtech market is buzzing with hundreds of insurance startup companies that are set to disrupt this arena. To help insurance world leaders 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.Driving Insurance into the New AgePamela Morgan
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