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

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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.

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INSURERS ARE BETTING BIG ON CHATBOTS. WHY?

Ever since Facebook introduced its chatbot functionality on Messenger, organizations have been going crazy over the customer outreach possibilities. Over the past two years, chatbots have been making the headlines – thanks to the immense potential they withhold.

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ROADBLOCKS TO INSURANCE DIGITIZATION

The insurance industry is continually being pushed towards a digital transformation. It’s not just the pressure from millennials, but there are other drivers as well pushing this change, including new market entrants, changing customer behaviour and technology.

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AUTONOMOUS CARS – THE REVOLUTION HAS BEGUN!

Imagine taking a seat in your car, updating a location in your vehicle’s interface and then letting it drive to your destination while you surf the web, take a nap or read a book. Car manufacturers around the world have been attempting to design the first-ever driverless car.

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INSURERS USING DIGITIZATION TO THEIR ADVANTAGE!

The insurance industry is going through a significant digital transformation. An upsurge in insurtech investments has shaken the insurance industry to its core.

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ARTIFICIAL INTELLIGENCE MAKING INSURANCE EXPERIENCE BETTER

From managing chronic conditions more efficiently to helping customers choose the right insurance plan, artificial intelligence (AI) is ready to disrupt the health insurance industry. Insurance companies today are using AI in ways not possible a few years ago.