July 20186 The insurance industry, as it stands today, has a fair share of predicaments pertaining to the adoption of technologies that can enable the transformation of manual, paper-bound process into automated workflows. The recent forecasts highlight that such a transformation could drive the insurance industry to grow at A CAGR of 10.40 percent by the year 2020. Overcoming the challenges, the companies in the sector are adopting various technologies that can empower them to deliver maximum value to the consumers. From artificial intelligence to machine learning, big data, blockchain, and data analytics, companies are leveraging innovative technologies to strengthen their portfolio of solutions and services. Though the benefits and applications of these technologies are purely subjective, they have time and again proven to be the building blocks of the insurance landscape in the current day and age. Processes such as lead generation, data compilation, insurance quotation, and underwriting have been automated and digitalized, enabling faster and efficient orchestration of insurance products and services. No wonder insurance technology (or InsurTech) has evolved into a strong sector, paving the way for third-party solution providers and vendors to showcase their technical expertise in enhancing insurance operations. As a multitude of technologies nurture the growth of insurance industry, APAC CIO Outlook has taken up the responsibility of examining and analyzing some of the promising solutions developed by market leaders. This edition of the magazine brings to you a list of InsurTech firms that offer state of the art solutions to assist the stakeholders in accelerating their business transformation. The edition also features insightful articles from industry experts on how to approach and mitigate various challenges that haunt the industry.Annie Johnson To subscribe to APACCIOOutlookVisit www.apacciooutlook.comArt & GraphicsAmelia StewartFlynn SmythToby LangtonAR RamjithSenior WritersManaging EditorAnnie JohnsonCopyright © 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.JULY - 30 - 2018, Volume 04 SE 20 Published by ValleyMedia Inc.EditorialInsurtech: Accelerating through InnovationLane Adams Clara MathewRoyce D'SouzaEditorialAlfred MardinLouis BeckerRachael ClarkRoy ChowPooja Ray*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmailsales@apacciooutlook.comeditor@apacciooutlook.commarketing@apacciooutlook.comContact usPhone: +1 510.996.5168Fax: 510-894-8405Saleskeli@apacciooutlook.comAnnie JohnsonManaging Editoreditor@apacciooutlook.com
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