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RIP (finally) to the blockchain hype

CIO Business Intelligence

A recent criticism of blockchain comes from Jim Fowler, CTO at insurance carrier Nationwide. While insurance carriers were an early example of potential users , Fowler talks about blockchain as an example of how to avoid getting distracted by shiny, new technologies.

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3 key areas where AI is transforming insurance today

CIO Business Intelligence

The insurance industry has been one of the first industries to fully embrace AI and quickly start finding ways to capitalize on its ability to parse vast databases of structured and unstructured data to surface meaningful information. Meanwhile, processing times keep getting longer, putting a strain on customers and adding costs for insurers.

Insurance 130
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Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. The Target theft cost the company $441 million in their fourth quarter!

Insurance 266
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Outdated business apps can cloud your AI vision

CIO Business Intelligence

Customer concerns about old apps At Ensono, Klingbeil runs a customer advisory board, with CIOs from the banking and insurance industries well represented. Banking and insurance are two industries still steeped in the use of mainframes, and Ensono manages mainframes for several customers.

Cloud 270
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South Africa’s King Price Insurance moves to cloud as business grows

CIO Business Intelligence

Insurance companies are no longer only there for their customers in times of disaster. Modern approaches to insurance and changes in customer expectations mean that the insurance business model looks very different than it used to. For many insurers, this means investing in cloud.

Insurance 263
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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

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Where CIOs should place their 2025 AI bets

CIO Business Intelligence

Michael Beckley, CTO and founder of Appian, says document processing is a boring gen AI use case with significant business potential. Other document processing use cases include conducting clinical trials in life sciences, loan underwriting in retail banking, and insurance claims processing.

CTO Hire 356