10 Most Promising InsurTech Solution Providers - 2019

10 Most Promising InsurTech Solution Providers - 2019

In the midst of technological advancements, Insurance market is witnessing a gradual transformation to a digital-first business models so as to stay relevant in today’s disruptive market. This has brought significant changes in how operations are carried out, constantly evolving innovative product marketing with more customer-centric approach. Moreover, factors such as enhanced policy support, and huge customer spread across geographies are also attributing to the exponential growth of the industry. Technology trends such as Predictive Analytics, Artificial Intelligence (AI) and Machine Learning, IoT, Social Media Data, Telematics, Chatbots, among others have literally changed the face of insurance market by delivering efficient fraud prevention methodologies, lower underwriting cost, billing efficiency, specialized insurance, transparency, to name a few. However, with all those capabilities, insurance industry is still lagging behind when it comes to technology adoption if compared to other segments such as retail which are making successful use of it in marketing and customer acquisition purposes. Hence, there is a crucial role of technology solution providers to digitally transform the operations and overcome all the challenges that is plaguing the players of this segment, currently.

Enabling enterprises to choose the right partner to work with, CIOReviewIndia proffers a list of “10 Most Promising InsurTech Solution Providers - 2019”. This compact list displays an inventory of skilled vendors with an industry rich experience, technically adept teams and a proven track record. A panel consisting of prominent CEOs, CIOs, industry analysts and CIOReviewIndia editorial team has meticulously researched and locked down on the final 10 vendors who we firmly believe can aid in digitally transforming Insurance industry.

We present to you CIOTechOutlook 10 Most Promising InsurTech Solution Providers - 2019.

Top InsurTech Solution Providers

Company Name Company Description
Cognizant Offers AI and Automation for Insurance claim process, assess risks and rewards in the Flood Insurance Market, BPaaS Solution to modernize IT and Processes for Life insurance company and more.
Damco Delivers innovative insurance solutions which deal with new regulations, cloud solutions, predictive analytics, and digitalizing the customer experience.
Eicore Technologies Offers modern technology based digital solutions and services to Life, General & Health Insurance companies; Insurance Brokers, Insurance Providers and TPA’s
Gradatim Provides Digital Insurance Solution for insurance companies and intermediaries to manage the end-to-end insurance process.
ESCS Offers CRM based marketing and customer service platform for Insurance sector.
MAJESCO Offers Cloud-based, real-time insurance-specific capabilities in a microservices-based platform to innovate in a rapidly changing competitive landscape.
Mindtree Leverages insurance technologies, like automation and machine learning to help settle claims, reduce fraud, better serve customers and become a digital-first organization.
NIIT Technologies Integrates platforms for unified experiences and deploys cognitive solutions for digitally transforming Insurance sector.
Nous Infosystems Provides innovative insurance IT solutions for transitioning Insurance companies into digital enterprise or mobile enabling of sales channels or developing analytics solutions.
Omnino Solutions Delivers IT Services and Solutions to Insurance companies such as Core Insurance System, Analytics and Cloud capabilities.