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

Driver Assistance

Driver Assistance and Auto Insurance – The Path Ahead

There has been a widespread acceptance of self-driving automobiles amongst not only the consumers but the Original Equipment Manufacturers (OEM) as well. Driver assistance or automation in the Automotive sector is poised to change the future of transportation.

InsurTech

Insurance Firms Would Seek InsurTech Partners to Grow in Future

Insurance companies are constantly on the lookout for innovative strategies that might help them differentiate in the crowded marketplace. As per a recent study by Gartner, most of the insurers would team up with or acquire insurance technology firms in the next 2 years to gain a competitive advantage. In fact, 64% of the insurers from the leading 25 global insurance organizations already have a stake in insurtech startups as per Gartner Research.

Property Insurance

Fannie Mae and Freddie Mac: 3 Property Insurance Requirements Often Confused – Assurance

To common folks, Fannie Mae and Freddie Mac may sound like they’re two individuals you would find standing next to Minnie Pearl picking banjo on Hee-Haw.

cyber insurance

Cyber Insurance becomes a Priority for Most Organizations – Survey

A recent RIMS Cyber Survey revealed the importance of cyber insurance for organizations these days. As per the survey, which polled 270 risk management professionals, 80 percent of the respondents said that their company has bought cyber insurance, a significant rise of 29 percent from the previous year. The reasons for the spike are contractual mandates, higher availability, and rising awareness.

Auto_insurance

3 Ways Auto Insurance is Going High Tech – Safeco Insurance

Today, you can make money by driving people around. You can save money by showing your insurance carrier how you drive. And, you can rely on your smartphone to keep your insurance ID cards at the ready.

Homeowners Insurance

Steps to Help you File a Homeowners Insurance Claim

Everyone buys a policy to protect themselves from unforeseen future accidents but very few actually know the steps to follow when that situation arises. Moreover, panic and confusion handicaps people to take the right steps to recover the damages. In such a scenario, a to-do list might help homeowners when they actually need to file a claim.