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

Smart car (HUD) concept. Empty cockpit in vehicle and Self-Driving mode car graphic screen with flare light

INFOGRAPHIC: WHY INSURERS SHOULD HASTEN TELEMATICS INVESTMENT

The emerging insurance telematics is revolutionizing the auto insurance industry. Insurers that embrace digital transformation will have tremendous opportunities to better engage with their customers, while providing new and improved services and also cut down costs.

Global-Automotive-Telematics-Market-1024x614

REDUCE YOUR CLAIM COSTS WITH TELEMATICS

The auto insurance claims costs are increasing faster than ever, making it imperative to find a reliable way to reduce them. According to insurance statistics, around 40% of drivers who submit a claim are likely to change insurers within a year.

tech-insurance

INSURANCE GOES DIGITAL – A WIN-WIN FOR INSURERS AND POLICYHOLDERS

A lot of changes can be witnessed in various sectors – healthcare, travel, finance, etc. – all thanks to digital technology. The emergence of new players using technology has disrupted the industries.

Insurance-Marketing-Automation

AUTOMATION IN INSURANCE – A MULTI-BILLION OPPORTUNITY

The concept of insurance has been there for ages, yet the business — collecting premiums, assessing risk and paying claims hasn’t changed much. Recently, the industry has embarked on a radical transformation, impelled by a series of digital innovations.

car

WILL SELF-DRIVING CARS MOVE AUTO INSURERS AWAY?

Automobile manufacturers are taking significant steps towards developing autonomous vehicles. This might see a gigantic decrease in the number of accidents, giving rise to the big question — do we actually need auto insurance if cars are no longer involved in crashes?

AI_1170x565

AI IS READY TO STREAMLINE THE INSURANCE PROCESS!

The insurance sector depends on loads of data — structured and unstructured, collected from multiple sources including social network, websites, surveys, live chats, third-party sources, customer’s existing insurance policies, and agents.