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

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Returns for Homeowners Insurers Set to Rise

In a report by Aon Benfield, on the 2015 Homeowners ROE Outlook report, it has been forecasted that prospective returns for U.S. homeowner’s insurers will continue to improve. The report revealed that the insurers’ prospective after-tax return-on-equity (ROE) has 8.6 percent on a countrywide average, and 12.6 percent excluding the state of Florida for U.S. homeowner’s insurance business, which is a 70 basis point improvement over last year. The study has been done on the basis […]

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5 Big Problems Driving Insurance Modernization – Insurance Networking

Ovum’s study found that investment in core operations platforms is consistently the single largest area of IT spending for insurers.

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60 % Slide in Auto Insurance Market by 2025: Survey

  In a report by KPMG, it was reported that autonomous vehicles could shrink the U.S. personal auto insurance sector by 60 percent within 25 years. The report surveyed top executives and synthesizes several months of market research and analysis, incorporates insights gained from industry leaders and shows results of their propriety insurance models.

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Could Telematics Technology now Question Policing?

  Telematics and technology for cars is already creating a stir in the insurance industry, could this now also question the fines being levied on drivers.  Well, the answer is a big yes!

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Autonomous Cars : Liability Accepted, say Car Manufacturers

  The timeline for the autonomous cars to get operational is getting shorter and increasing the woes of the insurance industry.  With the stats stating that road danger is infact a manmade crisis, human error accounts for over 90 percent of accidents, according to Bob Joop Goos, chairman of the International Organisation for Road Accident Prevention. Driverless cars could in fact be the way to reduce these numbers.

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Driverless Cars to Upend Insurance Business – Fin 24

Autonomous car technology is set to upend insurance companies who will have to reinvent their business models, say industry experts.