20 Most Promising Insurance Technology Solution Providers - 2016

20 Most Promising Insurance Technology Solution Providers - 2016

Technological transformation in the insurance sector has brought a paradigm shift in the way companies operate. Leveraging innovative technologies like big data, mobile, social networking, telematics, and SOA, insurance companies are able to build business strategies for meeting customer demands, finding the right resources, and managing compliance requirements.

Insurance acts as a protective coverage against uncertain-ties and risks, be it securing life, automobile, assets or business. In order to understand customer requirements and develop better insurance policies, insurers are increasingly adopting emerging technologies that will better assess risks and help them make informed decisions. Further, digitalization has made it possible for the insurance companies to directly communicate with the consumers and also bring ser-vices at their fingertips using mobile apps.

As technology continues to have a bigger impact on the insurance ecosystem, companies that leverage the latest trends, like mobile apps and data analytics, to deliver a better customer experience will stand to gain in the long run. With a multitude of solutions in the market that can simplify operations for the insurance companies, CIO Review showcases the front runners in its annual edition on insurance technology solution providers.

A distinguished panel comprising of CEOs, CIOs, analytics, and the CIO Review editorial board has selected the top players from the competitive field of insurance technology solutions. The listing provides a look into how these solutions alleviate challenges in the sector and help clients to be one step ahead of the competitors.

We present to you 20 Most Promising Insurance Technology Solution Providers 2016.

Company Name

Company Description

Agero Agero is a leading provider of vehicle and driver safety, security and information services, including roadside assistance, consumer affairs and claims management services
Angoss Software Corporation Angoss delivers predictive analytics to businesses looking to improve performance across risk, marketing and sales
Applied Systems Provider of insurance software that helps manage clients and policies
B2X Care Solutions Providing customer care solutions for mobile devices to manufacturers, insurance providers, carriers, and retailers.
EBIX Provider of carrier systems and agency systems
Epic-Premier Provider of insurance automation solutions alonfg with project management, implementation and customisation services
FAST Offers technology framework, IT consulting services, and pre-built insurance software components to modernize legacy systems in the insurance industry
HCL A company that offers business-driven technology solutions transforming the Insurance base
Insurity Provider of policy administration, claims, billing, and analytics software
iPipeline Provider of sales distribution software to insurance and financial services markets
Nous Infosystems Nous brings in valuable insurance domain expertise to projects - providing a consultative approach to projects
Novidea Provider of cloud-based technology to boost insurance brokers & agents sales, profitability and efficiency
PaperClip A provider of solutions for document management, exchange, and email encryption services for insurance industry
Praedicat Provides cutting-edge solutions to ease the processes of underwriting and management of casualty risk for insurers
RAM Technologies, Inc. Provider of enterprise software solutions for healthcare payers that simplify administration, regulate compliance, and ensure effective use of insurance information
Risk Based Security Equips organizations with risk management methodologies to establish customized risk-based solutions to address information security and compliance challenges
ScoreData A global data analytics company helping customers unlock the full potential of their business data
SiTel Provides customer experience management solutions and complementary services
SMART I.T. Services Facilitates agile and secure cloud solutions and services for independent insurance agencies
STONERIVER Delivers technology solutions and services to insurance carriers, agents, and broker-dealers