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CIO ASEAN is proud to announce the winners of the 2024 CIO100 Awards – recognising the top technology leaders and teams across Southeast Asia and Hong Kong who are driving innovation and influencing rapid change. These are in addition to CIO100 awards in the US, UK, and the Middle East. …
What really matters is determining how to fit every function together to achieve unified goals — chiefly IT and its business counterparts, given the importance technology has organizationwide. It allows businesses to be the best technologically enabled version of themselves,” Upchurch says.
Set for Tuesday 19 November, the CIO100 ASEAN Awards event will bring together the top senior technology executives and teams in Southeast Asia and Hong Kong driving innovation and influencing rapid change. All nominations have been reviewed by a select and independent judging panel comprising CIO.com editors and industry analysts.
Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry, empowering clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks.
Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.
For CIOs, the message was clear: Efficiency, future-ready technology, and innovative workforce strategies are essential. Investing in automation technologies can significantly reduce waste and downtime. Investing in automation to streamline service delivery and prioritizing CX technologies will help maintain industry leadership.
Much has been written about the success of fintech and how this wave of technologicalinnovation has changed consumers’ lives. Over the last decade, many once-promising innovations failed and did not live up to expectations. It is important to not just celebrate success but also to learn the lessons from failure.
Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. Etap claim to enable motor vehicle owners to purchase insurance in 90 seconds and complete claims in three minutes. Image Credits: Etap.
Mexico repeatedly tops most innovative fintech hub lists, and neobank and digital wallet transactions are consistently increasing — during COVID lockdowns they rose by an estimated 80%. And because many Mexicans have little trust in banks, the transparency of fintech options has played a big part in people adopting the new technology.
However, it appears that even though VCs are proceeding more cautiously than before and taking their time with duediligence, they are still investing. We see tremendous opportunity for innovation in the world of B2B payments. Would you say you are conducting more duediligence? What do you feel might be overhyped?
NTT DATA’s landmark Global GenAI Report underscores how the technology is gaining momentum. Furthermore, nearly two-thirds of C-suite respondents, specifically, expect GenAI to be a game changer over the next two years and plan to invest significantly in the technology. There is no going back.
Who are the most likely acquirers of insurtech startups right now: Legacy insurance companies, or private equity funds? Smart legacy insurance companies are looking for insurtechs that have great technology, but not enough customers or premium volume to get the most value out of the technology. How does Europe measure up?
The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. It is also poised for greater growth as the adoption of lending, digital payments, banking and insurance services grows. .
Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.
The Americans of Nigerian descent toured across 20 states and studied different value chains for crops spotting inefficiencies that could be solved by technology. Nzewi says the team saw an opportunity and set out to build a technology to help farmers crack oil palm nuts. The result was Kraken, a proprietary patent-pending machine.
As Austin’s skyline expands, the city continues to solidify its standing as a tech hub. It’s a city of unicorns and tech giants. Austin is also home to secondary offices of many of the largest tech companies in the world, including Google, Apple, Oracle, Amazon, Facebook and SpaceX. And the numbers are there to back it up.
NTT DATAs landmark Global GenAI Report underscores how the technology is gaining momentum. Furthermore, nearly two-thirds of C-suite respondents, specifically, expect GenAI to be a game changer over the next two years and plan to invest significantly in the technology. There is no going back.
Last year was a good 12 months of firsts for African tech startups. It turns out that while later-stage investors, mostly international VC firms, grabbed headlines by writing immense checks, pre-seed and seed-stage investors were instrumental to the growth of the continent’s tech ecosystem. billion, according to data from Partech.
Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Subscribe to access all of our investor surveys, company profiles and other inside tech coverage for startups everywhere. Tech investors must make sure that Israel is part of their portfolio.
The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations – traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almost always make the return trip empty.
PRO TIP Insurers must act now: getting tech capabilities to the needed state will take years, and the industry is approaching a tipping point in which structures will shift very quickly. However, technology implementation still poses challenges. Here are a few use cases of how AI facilitates insurance workflows.
Sarah writes that the social media giant is seeing a spike in one-star reviews, which include calling for its removal. Go on, another handful for ya: They just want to stay involvo : Frederic reports that Volvo Cars Tech Fund invests in driver monitoring startup CorrActions. Big Tech Inc. You can sign up here. Kirsten has more.
As winter winds begin to blow, major tech companies like Google, Microsoft and Lyft have each instituted hiring freezes. This week, he reviewed 12 slides from Arkive’s winning pitch deck: Cover slide. Investors remain bullish on HR tech as the Great Resignation slows. Mission slide. Problem slide. Solution slide. Roadmap slide.
It had produced, and was poised to produce, an enormous number of technology startups, given its relatively small size. million on average, the largest payout to employees in Israeli high tech at the time, and the exit created a pool of new entrepreneurs and angel investors. Waze’s 100 employees received about $1.2
For Ivory Coast, due to its consistent pace of development relative to the broader West Africa region, and after having tested and optimized operations and services in Benin and Burkina Faso, Qotto is well prepared for a market entry. “Our Qotto said it has already sold thousands of life insurance contracts.
As per the recent IDC InfoBrief “The Significance of Open Source Software in the Digital-First Future Enterprise”, open source software (OSS) is an important driver of enterprise digital innovation and provides greater agility, performance and security compared to proprietary software.
And for that, the company requires a lot of creative, intelligent, and tech-savvy personalities who don’t just believe in hard-working; instead, a more creative and innovative approach that proves to be more productive and prolific for Googlers’ environment. Insurance and mediclaim. How to Get a Job in Google India?
Two former 99 (Brazil’s first tech unicorn , and also known as Didi) executives, Adhemar Milani Neto and João Costa, started the company, which rents vehicles to on-demand drivers who work for ride-hailing companies such as Uber, Didi and Lyft. We basically built an insurance company from scratch,” Neto said.
True AI-powered innovation such as adaptive financial modeling or real-time fraud prevention remains limited. While adoption is still in its early stages, mainly due to regulatory uncertainties, 90% of Europes financial leaders remain optimistic, expecting broader adoption ahead. Illustration: Dom Guzman
As reported by Life Insurance International: “Level has created a tech-driven underwriting process for early-stage fintech startups that is claimed to have brought new efficiency and speed to the debt-raising process. He told me: “The question I have is who will capitalize on this bear market to scoop up valuable technology or talent.
Consequences snowballed, and quickly – In 2022, a viral deepfake audio of the CEO of Mumbai energy company declaring a massive price hike temporarily tanked the company’s stock due to shareholders’ panic. Playing by the rules Public faith in technologies cannot be established without valid foundation.
It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.
Koop Technologies (Pittsburgh, PA, USA) — Presenter: Sergey Litvinenko, co-Founder and CEO. “Koop Technologies is an insurance platform for autonomous vehicles and robotics. Koop provides autonomy insurance through data collection and proprietary analysis, wrapped up in the UX/UI provided by the portal.”
They’ll also get access to Google’s entrepreneurial network, tech support and some other assets that don’t have hard numbers associated with them. Augmize – Augmize builds risk models for property and casualty insurers using interpretable machine learning. I’ll update if I hear back.).
The completion of such transformative EV and hydrogen fuel cell engineering — amid uncertainty about which technology will prevail as the industry standard — reflects the one constant American Honda’s VP of IT Bob Brizendine has confronted throughout his 36 years with the company: an ever-changing, winding road that never slows down. “We
As I described in Part 2 of this EC-1 , that staffing efficiency is partly due to its culture and who it hires. It’s also because it has attracted top talent from across the world by giving them benefits like the option to work remotely all year as well as paying SF-level salaries even to those not based in the tech hub.
Customers expect seamless, personalized experiences, while insurers want faster processes, smarter systems, and a magic wand to keep up with market demands. While technology has been making wonders in this property and casualty (P&C) space, theres a catch. What makes this collaboration so impactful?
It also provides patients with the option to share or keep their medical histories out of the hands of insurance companies or hospitals. This technology allows for remote storage of data, software applications, and other sensitive information so that it can be accessed even if the original system is destroyed or inaccessible.
IHS Technology predicts that there will be over 30 billion IoT devices in use by 2020 and over 75 billion by 2025. The technology uses IoT-enabled daily monitoring devices such as blood pressure monitors, heart monitors, or blood glucose meters to collect relevant data and make it accessible to the physician. Healthcare.
It has been busy in the background, working and raising funds to further develop its tech to make warehouses safer and to ramp up operations even further. The stats caught the eye of insurance companies and health-and-safety-conscious warehouse managers alike. Voxel’s incident report screen. Image Credits: Voxel.
Serial Kenyan tech entrepreneur Mike Macharia has spent the last two decades helping enterprises like East Africa’s biggest telco Safaricom to create infrastructure that bolsters their growth. But I had never thought of building tech for us (the masses). CarePoint raises $10M to spread healthcare tech across Africa.
The move could affect as much as 30% of UK tech startups, with potentially 10%, industry sources estimate. Additionally, a group of VCs released the following statement, which reads: “SVB-UK is a trusted and valued partner of the entire innovation ecosystem powering founders and the venture capital industry.
Several European-based insurtech startups entered unicorn territory this year, such as Bought By Many, which offers pet insurance; London-based Zego; and Alan, a French startup that raised a $220 million round. “The AI startup market may be even hotter than the average technology niche.” Technical in Tanzania.
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