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

Social_media

How are insurers using social media to prevent fraud? – Insurance Business

Insurance fraudsters are increasingly being caught out by technology, as the story of a Florida woman caught faking an injury on CCTV showed recently. But now, sophisticated techniques to analyse policyholders’ social media networks are being employed by insurance companies to combat fakers.

Property_insurance

Property Insurance: Why you must protect your property?

We all invest a meaty chunk of our heard-earned money on buying a property. For business owners, the amount of investment increases manifold and their livelihood becomes completely dependent on these properties/equipment. Hence, it’s imperative to have a plan in place which protects your property from fire, theft or any other natural calamity.

Digital claims

Property Insurers Lagging on Digital Claims Offerings – Digital Insurance

The digitalization of property insurance claims is well underway, with many large carriers leveraging drone technology, and investing in mobile apps for consumers and adjusters, with the goal of increasing efficiency in this process.

Home insurance

Steps to help you file a Home Insurance Claim – Infographic

When a disaster occurs, homeowners are devastated and clueless about the steps to follow to ensure a smooth recovery. In all the confusion, they miss out on vital measures to take for filing an insurance claim.

Telematics

How Telematics Can Streamline the Operations of Fleet Owners

Without fleet tracking technology, operators used to spend sleepless nights thinking about the timely delivery of packages. Their concerns didn’t begin and end with just timely delivery, as they had to think about bringing efficiency in fleet operations, mainly visible through the costs involved.

Millennials

How are Millennials Changing the way Carriers and Agents Collaborate

Tech-savvy Millennials are one group of customers who are least engaged with their insurers and prefer to buy policies online, as per a 2015 poll by Gallup. In the US, this age groups’ population dominates the market, which is a large client-base for insurers. These demographics are alarming for insurers who are now being pushed to differentiate and strategically partner with agents to satisfy the needs of this generation.