The Insurance industry is on the brink of complete digital transformation. Traditional business models are giving way to new paradigms like Connected Insurance, Usage-based Premiums, and Smart Underwriting. Insurance customers are seeking on-demand, personalized experiences. The types of risks being covered are also evolving, presenting fresh business opportunities for insurers to reimagine their business by building a digital-enabled core to deliver sustainable operational efficiencies. Insurers are adopting a wide variety of digital technologies to meet these ever-changing demands, including Big Data and Analytics, Artificial Intelligence (AI), Automation, Blockchain, Cloud, and Internet of Things (IoT). These technologies will help insurers to reduce costs, optimize business processes, launch new innovative product offerings and improve customer experience.