| | December 20214EditorialBridging the Technology GapVOL 8 · ISSUE 10 - 3 · DECEMBER, 2021 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine/or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarAlok ChaturvediGroup Art DirectorMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndia No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Mohana KrishnanDanielEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingKamal Kanth PIndranil ChakrabortyHarold Vinson RNagendra KumarPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2021 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Janifha EvangelineLakshmi GNehaSamrat PradhanSuchita GonsalvesTeja BoncheruvuVaishnavi PradeepNoidaTel 120 4639300IInsurance is one sector that is undergoing complete disruption owing to the rising awareness of being prepared for untoward incidences. One of the examples is the raging pandemic which has made more and more people buy health insurance after acknowledging the risk. India's share in the global insurance market is estimated at 1.7%, and it is expected to grow to 2.3% by 2030 (Swiss Re). India's total real premium growth rate, which was 9.3% vs. 1.5% of the world average in 2018, tells a promising story for the growing insurance industry in India.In the fiscal year ending March 2020, India's life insurance companies clocked 11.36% growth in their collective premium income at $684 billion. Gross direct premiums underwritten by non-life insurers grew 11.67% in this period. Rapid digital adoption in India has created much-needed opportunities and infrastructure for insurance players to reach Indian customers. However, traditional insurers are still struggling with simplifying policy terms, settlement procedures, mutual trust deficits of buyers and sellers, and differentiating products that can help customers buy without much confusion. This has opened doors for insurance technology solution providers who are looking to bridge the technology gaps in the sector with innovative solutions. By empowering the insurers, they are making it easy for the buyer as well to avail insurance and getting onboard in a seamless manner. In this issue, CIOReviewIndia brings to you the list of 20 Most Promising Insurance Technology Solution Providers who have made their mark in this domain with their technology acumen and industry expertise. These companies have kept abreast of the new technological advancements in this segment and have leveraged them to their full potential.We hope this issue gives you helpful insights into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.com
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