In the last couple of years, tech giants across the European region have been making strides at automating claims processing practices. With the increase in adoption of connected devices such as sensors, and intelligent pipes, installed in homes enables owners to manage risk and, in turn, reduces the risk and increases the speed of future claims processes. The copious amounts of data produced by IoT devices in homes, cars and factories empower insurers to speed up and automate their claims processing and deliver custom-made customer experiences.
In addition to digitizing the claims processing business, several insurers are moving beyond the traditional offerings to merge with financial services. Creating a one-stop shop for all financial necessities, insurance companies are leveraging AI and big data to offer comprehensive services to clients.
In this edition of Insurance CIO Outlook, Featured on this list is Insicon, which provides an all-in-one insurance core system that covers every aspect of the insurance process, offering a high level of self[1]administration through user-friendliness. We also present the list of the Top 5 Claims Processing Companies in UK - 2022. A prominent company featured on this list is FitzGerald Consulting Ltd - a specialist insurance claims consultancy and chartered loss adjusting practice.
We also bring to you thought leadership articles and exclusive insights from expert CIOs and CXOs - Paul Pries, Director – Data Governance, West Bend Mutual Insurance Company, and Harris Clarke, Vice President of Claims, Customer Service and Sales, PEMCO Insurance presenting their views and opinions on organizations can incorporate advancements in the claims processing domain. We hope the valuable insights from industry thought leaders featured in this edition help you make informed decisions for your organization.
