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

Mobility is future of insurance

Mobility is the Future of Insurance

Increased numbers of insurers are now using smartphones and tablets for voice communication, demographic information, and – soon – payment. The US insurance is more than a century old. It’s been utilizing the same legacy systems for the past so many decades. And so far, it’s worked pretty well. But the changing technology landscape brings along new set of challenges. The insurance industry must learn to quickly adapt to the trends reshaping it. One of […]

Technology-competition-and-outside-Influencers-changing-the-insurance-industry

Technology, competition and outside Influencers changing the insurance industry

In 2014, the progress in tech adoption in insurance industry has been on the slower side as compared to the previous year. A report from Strategy Meets Action (SMA) reveals that investments have returned to what it was during 2012.

Boosting-Performance-with-Integrated-Underwriting-Tools

Boosting Performance with Integrated Underwriting Tools

In 2014, a majority of U.S. insurers are focusing on profitable growth as their No. 1 business goal, with many focusing on commercial lines of business. Strong underwriting long has been a core competency for commercial insurers and is important for maintaining a profitable book of business, but underwriting excellence now is crucial to achieving aggressive growth in these highly competitive commercial markets.