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.comToday, the insurance industry is experiencing a state of flux. That being said, the insurance industry has been traditionally slow when it comes to adopting emerging technology and solutions--due to its 'risk-averse' nature. However, as no industry is immune to the transformative effects of technology and insurance sector is no different. Insurance Companies are set to embrace and adopt digital business trends to save valuable time and cut down cost in order to survive in their new environment and remain competitive. In recent years, the myriad of Artificial Intelligence (AI) fueled automation tools are disrupting the delivery of insurance services. The prominent utilizing of AI in the field has seen developments in processes, significant drive in value, new regulations, and collaboration. Owing to the reliability and versatility of AI-based products, insurance companies are proactively mitigating risks, improving practice efficiency, reducing expenses, and saving valuable time. Leveraging AI, solution providers have deployed chat-bots that advise clients in states of despair and have automated all the workflow aspects in the field of insurance services. By leveraging deep learning techniques such as convolution neural networks, recurrent neural networks and so on--insurance companies are able to harness AI technology's potential to mimic the human mind's capabilities such as perception, reasoning, learning, and problem-solving. This helps in development of new product categories and customer engagement strategies with regards to changes in underlying shifts or behaviors in real-time. Aiding in faster and customized claims settlements, behavioral policy pricing, customer experience and coverage personalization and more.As technological disruption, change and innovations are being adopted by the insurance companies and enterprises, Insurance CIO Outlook presents you a special edition on AI tech solution providers in Insurance space that are helping the sector harness the power of emerging AI technologies to re-imagine insurance services and better meet market demands.The Transformative Effects of Artificial IntelligencePamela MorganVisualizerChristina ThomasRonald DonovanSeptember - 19 - 2019, Vol 05 Issue 11 (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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