| |September 20164CIOReviewEditorialVOL 4 · ISSUE 4-5 · SEPTEMBER 10 - 20162015 was a year of transformation for the insurance technology industry. This was demonstrated by the numerous and varied appointments that took place, but additionally by the emergence of a new age of insurance technology. A wave of innovative ideas and products flooded the market threatening to disrupt the insurance industry. As part of the larger trend around big data turned into actionable analytics, insurers have begun to reap the benefits of the efforts in 2016. The big idea behind big data and the analytics and modeling it spawns is the notion of customer centricity as the new North Star for insurance carriers. That is a significant change with many implications, but at its core it is recognition by carriers that their orientation needs to change 180 degrees, from inwardly focused to externally focused.Another important area for insurers and one that is part of the macro trend of external technological developments imposing themselves on the industry -- is continued digitization and the pressure that puts on carriers to improve their digital capabilities, particularly with portals and mobile applications and services. This marks a shift from the industry's emphasis on websites over the past several years, which to millennials and other influencing demographics of customers are just too inconvenient to use. As part of the pivot toward customer centricity and digitization, insurers are now accelerating their use of cloud-based solutions, including software as service and infrastructure as a service offerings. The motivation for insurers is the potential to streamline their architecture, infrastructure and application portfolios, all as a way to be able to focus more IT resources on the kinds of initiatives that positively affect customers and agents in a direct way.In this issue, CIOReview presents to you 20 Most Promising Insurance Technology Solution Providers who have successfully helped organizations with their innovative solutions. These companies pride themselves on keeping pace with the latest technological advancements in the insurance sector. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghAssistant Managing Editorsudhakar@cioreviewindia.comInsurance Technology Rising PublisherEditor-in-ChiefManaging EditorOffice Editorial queries editor@cioreviewindia.comAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103DelhiTel 011 45992100 To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issuePrinted and published by Alok Chaturvedi on Behalf of SiliconMedia Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Pradeep ShankarCopyright © 2016 SiliconMedia Technologies Pvt. Ltd., All rights reserved. Re-production 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.Ashok KumarVirupakshi PattarSales & MarketingRahul Das PattanaikAlok ChaturvediPradeep ShankarVignesh AnantharajCIOReviewSr. VisualizerGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamGurveen ChahalRose MarySeena KennethShaheen SaikiaSuchita GonsalvesCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017ManjunathSheethal MSMaitreyeeCIOReviewAssistant Managing EditorSudhakar SinghVisualizers
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