The wave of digital transformation has brought immense innovations to the insurance sector. By implementing disruptive technologies into its workflow, this sector has been able to optimise various aspects of its operations and keep up with the demands of its customers.
Insurance companies have been utilising predictive analytics to forecast future events. Large sets of data are being collected and analysed to identify the risk of fraud, the risk of customer churn, and streamline the process of insurance claims and predict industrial trends.
Similarly, AI has been helping insurance companies to properly structure their data for analysis and detect fraud activity by identifying patterns in customers’ online behaviour. Besides, by employing AI-driven tools like virtual assistants and chatbots, insurance companies are able to respond instantly to their customers and provide services 24/7.
Coupled with that, even blockchain is being leveraged to improve the security of insurance transactions. The decentralised nature of blockchain ledgers makes insurance workflow impervious to corruption and manipulation. This, in turn, helps insurance companies to gain customers’ trust and ensure better safety in processes and transactions.
In order to assist businesses in the task of finding accomplished insurtech companies, we have compiled this issue of Insurance CIO Outlook Europe. In this edition, we have listed the top 5 insurtech companies in UK 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 5 Insurtech Companies in UK – 2021.”
