internet of things

InsurTechs- Will Collaboration or Competition win in the End
Insuranceciooutlook >> cxoinsights

Marcus von Engel, Financial Services Consulting Partner, PwC

If you’re in the insurance industry, you’ll never go a day without talking about InsurTech. InsurTech is the priority in the conversations of insurance executives as it’s widely recognized that disruption is now rapidly taking...

The Future of InsurTech
Insuranceciooutlook >> cxoinsights

Jobay Cooney, Senior Managing Director, Aon’s Reinsurance Solutions

Our day-to-day lives – from how we hail a cab, to how we pay our bills – have transformed in the last few years. The insurance industry – long seen as a traditional sector – is also currently undergoing a significant...

Data is the New Oil in the Insurance Industry
Insuranceciooutlook >> news

With the dawn of cutting-edge technologies such as machine learning, artificial intelligence, and big data analytics, the insurance industry is undergoing a massive transformation in areas of risk assessment, fraud detection, and customer...

Back to the Future: 100 Years of Disruption
Insuranceciooutlook >> cxoinsights

Marik Brockman, VP, Strategy & Partnerships, CSAA Insurance Group

When you’re sneaking up on your 105th birthday, it’s probably fair to say that you have seen a few changes in your time. In 1914, CSAA Insurance Group, the AAA insurer for 23 states and Washington, D.C., was founded by a small...

Empowering Insurance Using Cloud
Insuranceciooutlook >> cioviewpoint

Ron Guerrier, CIO, Express Scripts

Technology has driven a paradigm shift in business operations today. In addition to catering to customer demands, companies seek to offer them an outstanding experience. In the insurance sector, serving the customers requires companies to be...

Legacy Modernization in the Age of InsurTech
Insuranceciooutlook >> cioviewpoint

Brahm Sharma, CIO, Aon

There is a lot of excitement around InsurTech. According to CB Insights, the number of funding deals in InsurTech increased from 91 in 2014 to 173 in 2016. Investment in Q3 of 2017 was 35 percent higher than in Q3 of 2016. This high level of...

5 Ways IoT and Blockchain are Transforming Supply Chains
Insuranceciooutlook >> cxoinsights

Anant Kadiyala, Director of Blockchain and IoT Industry Solutions, Oracle

Today’s customers demand superior product experience, better customer service, greater transparency, improved safety standards, and faster delivery. Rightfully so! On the other hand, supply chains are rife with inherent risks, including...

The Impeccable Benefits of Blockchain to Insurance
Insuranceciooutlook >> cioviewpoint

Mary Kotch, EVP and Global CIO, Validus Insurance

Just as the internet revolutionized how businesses communicate, Blockchain will revolutionize how businesses transfer data. Traditional insurance companies are ripe for disruption—they’ve held onto legacy technologies such as VSAM and...

Connected Auto Claims: A Smoother Road for Drivers and Insurers
Insuranceciooutlook >> cxoinsights

Dawn Mortimer, AVP-Product Management, Verisk–Insurance Solutions

Tech is disrupting and rapidly transforming all aspects of insurance, not least in the claims process. When it comes to reporting, filing, and managing an insurance claim, customers are better able to have their claims handled effectively,...

Driving the Analytics Foundation in Insurance
Insuranceciooutlook >> cxoinsights

Anurakt Dixit, Chief Data Analytics Officer, National Life Group

Given the new technologies that have been developed in the past years, products are no longer the only differentiation, because they can be replicated very fast. One of the trends I see in the insurance space is the value of...

Blockchain CIO Perspective
Insuranceciooutlook >> cioviewpoint

Mary Kotch, EVP and Global CIO, Underwriter, Validus Reinsurance

Just as the internet revolutionized how businesses communicate, Blockchain will revolutionize how businesses transfer data.  Traditional insurance companies are ripe for disruption—they’ve held onto legacy technologies such as...

Insurance being Redefined with IoT
Insuranceciooutlook >> news

Technological development in the areas of data analytics offering ‘micro-insurance’ services, smart burglar alarms, and connectivity between devices is reshaping the insurance sector. Insurance companies are utilizing the consumer...

How IT Transformation is Enabling Nationwide's Digitization
Insuranceciooutlook >> cioviewpoint

Michael Carrel, SVP-IT & CIO, Enterprise Applications, Nationwide

There is a digital revolution in progress and businesses everywhere are undergoing a transformation in response. Our business requires new capabilities from IT to serve our customers who deserve services delivered cohesively and swiftly....

Harnessing Opportunities from Digital Transformation in the P&C Insurance Industry
Insuranceciooutlook >> cioviewpoint

Enrique Laso Sanz, CIO, MAPFRE North America [BMAD:MAP]

All P&C Insurance carriers, big or small, have digital transformation as a key component in their strategic plans. Beyond the hype, there is good reason for that. However, the approaches companies are following are disparate, depending on...

Technology Infusion Making Us Smarter and Quicker
Insuranceciooutlook >> cxoinsights

Jeff Huebner, Chief Risk Officer, CSAA Insurance Group

How can technology be used to mitigate rising Risk Management costs? Managing risk is a very deliberate, measured discipline, and it operates this way for a number of important and obvious reasons. However, some of the new technologies...

Unique Approach to Mitigate External Threats
Insuranceciooutlook >> cioviewpoint

Curt Overpeck, CIO, Citizens

Using Technology to Mitigate Risk Management Costs With respect to IT risk management, technology can cost-effectively eliminate or mitigate external threats originating from email or web-based sources. Examples would be identification and...

Beyond Data Breaches
Insuranceciooutlook >> cxoinsights

Bryan Salvatore, President, Specialty Products, Zurich North America

Cyber security continues to evolve at a rapid pace with new issues surfacing almost daily. Most businesses today use their computer networks for efficient storage and management of highly confidential data including Personal Identifiable...

Big Data for Better Insurance
Insuranceciooutlook >> cxoinsights

Avani Desai, Principal & EVP, Schellman & Company, LLC

Based in China, ZhongAn Online P&C Insurance Co. (“ZhongAn”) has taken the insurance world by storm by offering a series of unusual and unique insurance policies, such as those aimed at supporters during the 2014 World Cup by...

Big Data, Big Opportunities: How Insurers Can Innovate
Insuranceciooutlook >> cioviewpoint

Kevin Miller, CIO, Missouri Employers Mutual

Insurance companies have always had access to volumes of data, but the ability for technology to process massive amounts of data faster provides more information about customers than ever before. With better access to third-party and sensor data,...

Two Disruptive Technologies That Will Change the Face of Financial Services
Insuranceciooutlook >> cxoinsights

Sameer Kishore, VP & Global Head, Banking, Financial Services, Securities & Insurance, Dell Services

Much has been written about the global forces gathering to create a ‘perfect storm’ in the world of banking, causing unprecedented pressure on the financial system. There’s economic volatility, seemingly never-ending regulatory...

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