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5th Asia Insurance CIO Technology Summit – An Innovative CIO as the Game Changer
The 5th Asia Insurance CIO Technology Summit hosted by Asia Insurance review was held at Mandarin Orchard Hotel Singapore on the 5th and 6th September 2016.
David Piesse, Chief Risk Officer of Guardtime, opened the session highlighting the importance of technology which will shift the industry into InsurTech with the use of digitalisation and blockchain. Prashanth Agarwal, the Director of AIA EDGE (Group Innovation), also discussed InsurTech’s emergence and its impact for insurers.
As the industry moves into digitalisation, there is an increasing trend in the use of interactive mobile applications especially by the millennials.
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Rocky Scopelliti, Global Industry Executive of Banking, Finance & Insurance Global Industry of Telstra, mentioned that there are approximately 450 mobile applications for retail banking with total revenue of USD 100 billion.
The new generation (millennials) plays an important role in contributing to the growth of InsurTech, highlighting the importance of personalisation and customer experience delivered by the interactive mobile insurance. licit
Following the talks, Asia Insurance Review announced the winners from 6 categories competed on Asia Insurance Technology Awards (AITA). There was also some case study discussions conducted by some of the winners — AXA Asia, Liberty Videocon General Insurance, Everledger, Max Life Insurance, AXA Hong Kong, and Ping An Property & Casualty Insurance Company of China.
By Caproasia Online at The 5th Asia Insurance CIO Technology Summit.
About Asia Insurance Review
Asia Insurance Review was launched in January 1991 to meet the information needs of insurance practitioners in Asia in particular and the rest of the world in general. It quickly became the premier and comprehensive professional regional magazine, read by all the key decision makers and readers in the insurance industry in Asia from Australia, Bangladesh, Brunei, Cambodia, China, Fiji, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, Myanmar, Nepal, New Zealand, Pakistan, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, etc.
As part of our growth process, and in response to the demands of readers, we went into organising insurance-related conferences to provide a forum for the exchange of ideas and to facilitate the transfer of knowledge and expertise to the region. Very quickly Asia Insurance Review’s technical conferences became an integral service to Asia’s insurance industry.
We launched the Asia Insurance Industry Awards to recognise and salute excellence in the insurance industry since 1997. We also launched the Australia and New Zealand Insurance Industry Awards in 2004. These are our conscious attempts to promote the industry’s move towards higher standards and greater professionalism.
We publish five comprehensive insurance directories – Asean Insurance Directory, Insurance Directory of Asia, Reinsurance Directory of Asia, World Islamic Insurance Directory , and the MENA Insurance Directory – which serve as reference for the industry to stay in touch.
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