This paper presents an empirical investigation to study the impact of the implementations of the recent advances on technology on total factor productivity improvement (TFP) of some Iranian insurance firms over the period 2008-2012. The study considers the number of information and communication technology (ICT) employees, insurance treaty and the number of computers used together with online users as technology advancement. Using generalized least square technique, the study has determined a positive and meaningful impact of the number of research and development employees as well as the number of personal computers together with online users on TFP improvement. However, the numbers of ICT employees and insurance treaty have no significant impact on TFP improvement.