Since the insurance industry has opened itself to FDI and other regulatory changes, the country has witnessed increased participation of the private sector insurance companies. For a long time, the traditional insurance business model has proved to be remarkably resilient. However, this is the time they are a-changing.
The current insurance marketplace is flooded with various technologies, influenced by IoT and data analytics. Insurance companies are turning toward blockchain, augmented reality, Artificial Intelligence (AI) and Robotic Process Automation (RPA) to streamline business processes and operations. This digitalization trend is driving a change in the operating and business models of insurers, creating new InsurTech partnerships through disaggregation in the insurance value chain. Opting for an apt Insurance Technology Service provider will allow insurers to manage risk, improve subscriber loyalty and optimize sales opportunities in better ways.
To help companies navigate through the best-breed insurance technology solutions provider Insurance CIO Outlook has compiled this edition on top 10 tech consulting/services for life insurance. Through a distinguished panel comprised of CIOs, VCs, industry analysts, Insurance CIO Outlook’s editorial group, we have evaluated and shortlisted 10 consulting/services organizations that have significantly stood out as some of the most prominent players in the insurance technology arena for the year 2019. The organizations featured in this issue through their business knowledge and industry prowess have established their eminence in the insurance technology sector.
We present to you Insurance CIO Outlook’s “Top 10 Tech Consulting/Services for Life Insurance 2019.”