November 20176 According to studies, the Asian insurance market could account for 40 percent of the global insurance market by 2020. While many emerging markets in the region will see growth over the coming years, there is still room for solid growth especially in the field of cyber insurance. AIG forecasts that the cyber insurance market in the APAC region will grow by 50 percent in the next 12 months and suggested that while the market presents room for growth across different lines, increasing competition is still an issue. As more new players enter the market, and as established players grapple for market share, it is believed that the market conditions remain tough with "intense pressure" placed on pricing. This could continue for the foreseeable future. Insurers will need the ability to differentiate them in the future in a bid to hold their market share with brokers and consumers alike. And amidst these changes, client expectations continue to shift and insurers and brokers need to focus on building greater trust with clients to ensure their growth over the coming years. This in-turn has brought to limelight the necessity and importance that insurance solutions company play in the insurance industry. Keeping in mind the same, APAC CIO Outlook presents "Top 25 Insurance Tech Solution Providers - 2017." We hope the valuable thought insights from innovative leaders and the innovative solutions from leading companies featured in this edition will help you in your endeavours today, and tomorrow. Let us know your thoughts Annie JohnsonManaging Editoreditor@apacciooutlook.com To subscribe to APACCIOOutlookMailing AddressAPACCIOOutlook44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538Visit www.apacciooutlook.comArt & GraphicsFlynn SmythAjay K DasToby LangtonSenior WritersLane Adams Clara MathewRoyce D'SouzaRohit Chowdhary Managing EditorAnnie JohnsonAsst. Managing EditorLalrindiki SailoCopyright © 2017 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.November - 10 - 2017, Volume 3 SE 51 Published by ValleyMedia Inc.EditorialAlfred MardinMensholong LepchaLouis BeckerRachael ClarkRoy ColinShikha PatraSales sales@apacciooutlook.com+1 510.996.5168Annie JohnsonEditorialA Big Push in the Insurance Industry*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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