Digitlisation has brought in a sweeping cauldron of changes in variegated domains, and the insurance sector is no exception. In the wake of premium technologies such as AI, IoT, big data, and many more, consumers’ behavior has changed. And to stay relevant amidst the drastic transitions, the insurtech startups are revamping their game. Today, insurtech managers are adopting machine-learning driven predictive analytics to determine the risk of their claims, anticipate any upcoming market changes, and better understand their target audience.
Besides, insurtech companies are also relying on AI to improvise their underwriting processes by eliminating unnecessary elements. Several insurtech startups are also taking their solutions and services to the air by incorporating drones across many stages of their insurance lifecycle. From collecting data to calculating risks before issuing a policy, aiding preventive maintenance to assessing damage following a loss, drones are gradually becoming the insurer’s best friend.
In order to assist companies in the insurance realm in shoring up their capabilities, we have compiled this issue of Insurance CIO Outlook. In this edition, we have listed the top 10 insurtech startups in Europe 2020 to highlight the firms that can help you escalate your chances of success. Equipped with innovative technological capabilities, these enlisted insurtech startups are transforming the insurance landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the insurance sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of Insurance CIO Outlook helps you build the partnership you and your organisation need to foster an environment driven by robust and efficient technology.
We present to you Insurance CIO Outlook’s “Top 10 InsurTech Startups in Europe - 2020.”
