PCIT PLUSNews and Updates in the Property & Casualty Insurance Industry – A KMG Initiative

Insurance-Marketing-Automation

AUTOMATION IN INSURANCE – A MULTI-BILLION OPPORTUNITY

The concept of insurance has been there for ages, yet the business — collecting premiums, assessing risk and paying claims hasn’t changed much. Recently, the industry has embarked on a radical transformation, impelled by a series of digital innovations.

car

WILL SELF-DRIVING CARS MOVE AUTO INSURERS AWAY?

Automobile manufacturers are taking significant steps towards developing autonomous vehicles. This might see a gigantic decrease in the number of accidents, giving rise to the big question — do we actually need auto insurance if cars are no longer involved in crashes?

AI_1170x565

AI IS READY TO STREAMLINE THE INSURANCE PROCESS!

The insurance sector depends on loads of data — structured and unstructured, collected from multiple sources including social network, websites, surveys, live chats, third-party sources, customer’s existing insurance policies, and agents.

1200600-telematics

MONITOR YOUR DRIVING HABITS WITH TELEMATICS!

Do you know making calls behind the wheel can increase your insurance premium? The insurance industry is going through a much-needed revolutionary phase; telematics technology is on the boom.

95c2c4674be9fd0f61ab9c9c275c09ac (1)

HERE’S HOW INSURANCE AGENTS CAN WEATHER TECHNOLOGY GAP!

The insurance landscape is changing at a rapid pace. More and more insurance companies are embracing the latest technologies, be it robotic process automation or predictive analytics.

1_QT8iRJkmq2M-W5C2wOI2Wg

INFOGRAPHIC: UNLOCK THE VALUE OF BIG DATA IN INSURANCE

Property and casualty (P&C) insurers are advancing their use of predictive analytics, according to leading global advisory, broking and solutions company, Willis Towers Watson.