DR. RAJ KRISHNAN
Chief Technology Officer
Dr. Raj Krishnan is a seasoned technology executive celebrated for his pioneering efforts in conceptualizing, designing, developing, and launching transformative technologies within the financial services sector. With a focus on enhancing operational efficiency, reducing costs, and creating new revenue streams, Dr. Raj has consistently driven industry change through innovative technical solutions.
Throughout his career, Dr. Raj has successfully streamlined business processes and reduced organizational overhead by aligning IT strategy with business objectives. His strong advocacy for the Software Development Life Cycle (SDLC) process ensures compliance and security in all initiatives. Notably, he has supported projects generating $50M annually, including the development of an industry-leading drop ticket platform that supports 20% of overall business and integrates with five major industry platforms.
In 2016, Dr. Raj received the Novarica Research Council’s Impact Award for implementing a new PRT platform, managing $2.5T in assets in under 100 days, at a significantly lower cost compared to competitors ($1M vs. $8M). This award followed his 2014 recognition for creating an innovative e-signature and fulfillment system, the first in the insurance industry to enable policy payments via PayPal and offer multiple payment options. His contributions also include the development of a comprehensive mobile platform with end-to-end new business processing capabilities and an integrated underwriting solution projected to save up to $40M in costs and double market share.
In 2019, Dr. Raj founded Insuraware, leveraging data analytics and artificial intelligence to optimize insurance distribution and reduce customer acquisition costs. His collaboration with data intelligence experts at Insuraswift has further enhanced data extraction and modeling processes for underwriting. Dr. Raj’s ongoing efforts focus on integrating technology and employee satisfaction to improve efficiency, customer engagement, and sales enablement in insurance distribution platforms.
Dr. Raj holds a doctorate in Organizational Change Processes and has authored a highly regarded article on creating successful organizational change frameworks. Residing in Frederick, Maryland, with his supportive wife and daughter, Dr. Raj remains dedicated to ensuring that organizations can effectively meet customer needs through innovative internal and external processes.