Considering the past two decades, the innovations happening in the insurance sector have been exceptional. By leveraging all the possibilities of digital transformation, this sector has been able to deliver a more streamlined and optimised service to its customers than ever before.
But like any other industries, security is one of the main concerns when it comes to insurance and its processes. In that regard, blockchain is helping insurance companies offer a more secure and robust way of transaction. By utilising the decentralised nature of this technology, the companies have been able to provide a transparent yet trustworthy way of process to their customers.
On the other hand, predictive analytics has been helping companies to efficiently forecast future trends and upgrade the way of operations accordingly. This technology also plays a role in detecting fraud risks and identifying customer churn. Similarly, AI has been assisting companies with data processing and fraud detection. AI algorithms can identify any abnormal pattern in customers’ behaviour and thereby eliminate the possibility of fraudulent activities. Moreover, AI is also been hugely contributing to the customer service division of this sector. Virtual assistants and chatbots are seamlessly carrying out customer service where queries and issues are attended around the clock.
In order to assist businesses in the task of finding accomplished insurtech companies, we have compiled this issue of Insurance CIO Outlook. In this edition, we have listed the top 20 insurtech companies in Europe to highlight the organisations that can escalate the chances of your growth. Equipped with innovative technological capabilities, these insurtech companies are set to transform the dynamics of the insurance landscape. This edition also blends through thought leadership from subject matter experts, CIOs, and CXOs. We hope this issue of Insurance CIO Outlook Europe helps you build the partnership you and your organisation need to foster an ecosystem driven by robust and efficient technology.
We present to you Insurance CIO Outlook’s, “Top 20 Insurtech Companies in Europe – 2021.”
