The insurance industry has undergone significant changes in recent years, with technology playing a critical role in shaping its future. To gain insights into how technology can revolutionise the industry, we sat down with Chris Hendry, the CTO Advisor at Amarillo Technologies. He shares his thoughts on the role of technology, particularly data connectivity, in driving innovation, as well as Amarillo Technologies’ approach to addressing data challenges in the industry. He also talks about the company's roadmap for future products and initiatives, aimed at adding value to their portfolio and the global insurance market.
Can you tell us about your background and experience in the insurance industry?
I have worked in the Insurance industry for over 15 years and seen many solutions, products and change initiatives come and go in that time. 5 years with the London Market Bureaux and 10 years at AVIVA have all added depth to my experience. I started in MI and Analytics before moving into Solution Architecture, where I really enjoyed distilling problems and designing appropriate solutions to meet the business need.
I wanted to build something complimentary to organisations existing processes, allowing them to use the data and not be delayed by the validation process.
What motivates you to create modernisation initiatives in the insurance industry?
I am driven by a passion for designing modernisation initiatives that establish and extend the architecture and IT operating models to deliver greater client value. At Amarillo, we are committed to empowering organisations to digitalise their operations, increase efficiency, and drive profitability. By leveraging technology, we can address challenges faced by the industry and revolutionise the way insurance works.
How do you see technology, particularly data connectivity, impacting the insurance market in the future?
Technology, particularly data connectivity, will play a crucial role in the future of the insurance market. It will help improve the data transfer, validation, and quality between parties, allowing quicker and more accurate decision-making. As we move towards a more interconnected world, data will be a key driver of innovation and success in the insurance industry.
What is Amarillo’s approach to addressing data challenges in the insurance industry?
At Amarillo, we are committed to addressing data challenges in the insurance industry through our product, Fusion. Fusion improves data quality, timeliness, and removes manual mapping effort. By leveraging the power of data management, we can help companies work together seamlessly and improve overall efficiency.
What is Amarillo’s approach to addressing data challenges in the insurance industry?
At Amarillo, our roadmap focuses on developing products and tools that will add value to our portfolio and the global insurance market. We will continue to invest in Fusion and expand its capabilities to other classes of business and insurance markets. We are also exploring new products and initiatives to bring greater efficiency and value to the industry. Our goal is to raise the bar for performance by using innovative technologies that empower people and drive results.