Impactful leadership means leading and serving with passion, delivering the best, and exceeding everyone’s expectations in the organization at all levels.

With their resilience and ability to sustain any of such conditions, they stood tall and led in ingenious ways.

With their generosity and humble behavior by sharing experience and knowledge, they enable their team to learn the right lessons, which is also an equally important part of leadership.Undoubtedly, CEOs have strong communication skills, listening skills, along with the ability to read the people and adapting different management styles according to the situation.

Moreover, in any transformation or growth, culture is the critical element to the overall success of that growth transformation.

And, in order to do so, CEOs will have to work harder with the focus on the servant leadership model, with no titles.

For a CEO, there will be much more challenges that will be difficult to overcome but having the right team, approach and focus will drive any company’s success.

From maximizing advertisement relevance to customizing user experience, the benefits of applied sciences and advanced data analytics have become more apparent as industries adopt data-driven approaches to create new competitive advantages.

In this article, we focus on companies in the insurance industry that are implementing applications of data science to deliver efficient, risk-adjusted solutions by detecting fraudulent activity and providing a personalized customer experience.

The best place to start is by looking at some of the technological trends being used by insurance companies today.Growing Trends in the Insurance IndustryCustomer Experience & Coverage PersonalizationWith access to a customer’s behavioral, geographic, social, and account data, AI-enabled chatbots can provide seamless, automated, and personalized buying experiences.

The study shows that 73% of respondents indicated that by 2022, it will still be the leading use of AI in companies.Behavioral-Based Policy PricingIn the auto insurance industry, we are seeing ubiquitous IoT sensors provide personalized data to pricing platforms, allowing safer drivers to be rewarded by paying less for auto insurance (known as usage-based insurance).

These techniques have expanded beyond auto insurance, and we are now seeing health & dental insurance companies also use IoT sensors that provide people who maintain a healthier lifestyle with a lower rate for insurance.

This company provides a smart toothbrush to every customer and monitors their oral health, while using this information to support a dental insurance plan.