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

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ADVANCED ANALYTICS – A BOON FOR INSURANCE PROVIDERS

Data generated, collected and processed in huge volumes led to this massive phenomenon called Big Data. This big data eventually gave rise to the revolution of analytics.Â

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THREE KEY ACTIONS TO DEFINE INSURANCE TECH INVESTMENT IN 2019

Insurance business technology teams caught a few breaks in 2018. There were fewer, though costly, insured weather losses, as well as new thinking by insurance regulators when it comes to disruptive technology.

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WEARABLE TECHNOLOGY: A GAME-CHANGER FOR THE INSURANCE INDUSTRY!

Wearable technology in the form of fitness trackers holds great promise to revolutionize the insurance sector, which traditionally had limited opportunities. Not only consumers, but wearables are being embraced by insurers as well.

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P&C INSURANCE TRENDS To Watch In 2019

In 2019, drone pilots could become the next claims professionals, wearables could transform workers’ comp, and social media could enhance underwriting. And that’s just scratching the surface of what the future of insurtech could hold.

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INFOGRAPHIC: STATS AND FACTS ON SMART HOMES

Smart homes are on the rise as the age of convenience and technology grows. What exactly is a smart home? A smart home is one in which you can monitor, control and track various appliances from the convenience of your smartphone or device.

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BIG DATA IS CHANGING THE INSURANCE FOREVER. KNOW HOW!

Insurers have historically collected a large amount of data, but have been slower to capture its value. As more insurance consumers move online to compare products & prices, and make purchases, the volume of available data has increased exponentially.