6 | | NOVEMBER - 2021In tandem with the emergence of groundbreaking technologies over the past few years, nearly every industry has joined a rat race for digitization. In view of this fact, it is quite unsurprising that the insurance industry is in no mood to relent. Getting insurance quotes are now as easy as clicking a button, managing coverage can typically be accomplished through a mobile app, and paper insurance cards have become a relic of the past.With a host of cutting-edge technologies reshaping the insurance industry, it is hard to single out a few. Still, gamification is one of the emergent technologies in the insurance industry that is rapidly gaining traction. It is a powerful tool to bring about massive growth in areas with historically low performance. Although gamification is not a new technology, many insurers have recently started to adopt it and are already choosing gamification as a way of creating more customer-centric digital solutions. Because of its relatively low implementation cost, gamification is currently one of the prevailing IT trends in insurance for positively influencing employee behavior so that workers produce more, learn more, and become more resourceful.Alongside, the growth of the Internet of Things (IoT) has been a game-changer for carriers and insurers alike, with customers now expecting rapid results. By leveraging IoT, insurers are trying to bid goodbye to paperwork and the tedious delays caused by the physical exchange of documents. With IoT technologies at their disposal, a customer quickly uploads images of their damaged property, while agents can review the data immediately and process the claim within a few minutes. The same is true for underwriting. With interconnected devices, all departments in an insurance company are able to access data simultaneously, adjust premiums, and maintain a high client onboarding rate.Therefore, as the insurance industry is poised to grow at an unprecedented rate, numerous innovative insurance tech solution providers are becoming a crucial part of the industry conversations and movements in and around the APAC region. On that note, we hope this edition of CIOReview APAC will enable you to find the right insurance tech solution provider that will help you stay at the forefront of innovation in the insurance industry--all while enhancing the quality of your insurance services. Let us know your thoughts!EditorialRefining Insurance Services with the Command of InnovationCopyright © 2021 ValleyMedia, Inc. 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 thereof.Email:sales@cioreviewapac.comeditor@cioreviewapac.commarketing@cioreviewapac.com November - 08 - 2021, Vol 10, Issue - 69 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReview ApacVisit www.cioreviewapac.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasVisualizersDavid Parker*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffPaul John Managing Editoreditor@cioreviewapac.comManaging EditorPaul JohnSalesAnnie Mathewsannie.mathews@cioreviewapac.com Dane StanleyRonald Donovan
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