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

Insurance technology (Insurtech) concept, businessman pressing text with virtual screen.

INSURTECH TRENDS IN 2019

The technological growth is set to revolutionize the insurance sector. The introduction of new technologies is expected to benefit insurance companies, agents and above all the insured themselves.

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USAGE BASED INSURANCE GENIE – DRIVING THE USER EXPERIENCE

Do you know; you can now save money on your car insurance? All you need is to become a smooth driver who doesn’t speed through turns or slam on the brakes. And that’s how usage-based car insurance works.

Security Bridge Concept

THE BIGGEST CHALLENGE FOR INSURANCE IN 2019

The technology is constantly evolving. While all this change is exciting, industries that are flexible with the transformation will only have the chance to survive and thrive.

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DRIVERLESS CARS WILL REVAMP THE CITY STRUCTURE!

The essence of a city lies in its streets. For the past century, cars have dominated the environment and shaped the streets around it. Roads are wide for faster travel; offices are designed with open spaces for better parking and intersections are regulated to protect distracted humans.

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UNDERWRITING IN THE DIGITAL ERA!

The insurance sector is flooded with data from a variety of sources including, reports on property values, credit scores, and inspection reports.

Insurance Fraud concept

INSURERS TURN TO ARTIFICIAL INTELLIGENCE TO FIGHT FRAUD

The insurance market is a huge business that collects premiums of more than $1 trillion annually, providing fraudsters with immense opportunities to commit fraud.