| | SEPTEMBER 20244VOL 10 · ISSUE 1 - 9 · SEPTEMBER, 2024PublisherOffice Editorial queries editor@ciotechoutlook.com To subscribeVisit www.ciotechoutlook.com/magazine/or send email to: subscription@ciotechoutlook.comMagazine Price is Rs 150 per issuePrabhu Dutta A.R.N RayAlok ChaturvediManager DesignMagendran PerumalCirculation ManagerEditorial TeamNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Surbhi SumanManaging EditorSudhakar SinghVisualizerAdvertising queriessales@ciotechoutlook.comBangaloreTel 080 46441103Gm Sales & MarketingRavi KalgiPrinted and published by Alok Chaturvedi on Behalf of Biz Print Media Technologies Pvt Ltd and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore - 560008 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Biz Print Media Technologies Pvt Ltd, 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.Roshan AktharNalini BramhanpalliViswanathan ANoidaTel 120 4639300EDITORIALREVOLUTIONIZING INSURANCE THROUGH INNOVATION The market for Insurance Technology (InsurTech) solutions in India is growing at a fast pace because of the change in technology and customer demands. As more and more infrastructure is being developed and internet usage is on the rise, InsurTech in India is disrupting the traditional insurance industry through the use of technologies such as AI, machine learning, and blockchain. Some of the drivers that have boosted this growth include the use of digital platforms by both insurers and customers. These platforms are being adopted by InsurTech firms in order to deliver better and faster services including efficient claims handling as well as insurance products. Furthermore, it has also become possible for insurance companies to penetrate the rural areas through the mobile technology hence expanding their market. The favourable regulation by the Indian government also adds to the growth of the sector. The guidelines for the insurance industry of India and the Digital India program have started creating a favorable climate for InsurTech developments. These are meant to improve the levels of disclosure, safeguard consumers and facilitate the use of technology in the sector. Another evidence of the sector's dynamism is the investment pattern. Thus, venture capital and private equity firms are investing more in InsurTech startups since the industry holds the promise of high returns. This has led to the increase in capital investment that is supporting technological developments and healthy competition that requires constant improvement.This issue acquaints you with the 10 most promising companies in this field. In this special issue, CIOTechOutlook brings to you the companies that have made their mark in this domain with their technology acumen and industry expertise. These companies have kept abreast of the new technological advancements in this sector and have leveraged them to their full potential. We hope this issue gives you helpful insights into this market landscape. . Sudhakar SinghManaging Editorsudhakar@ciotechoutlook.com
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