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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INFOGRAPHIC: PREDICTIVE ANALYTICS DRIVES PROFITS FOR INSURERS

Data and analytics are essential to the success of insurance companies – underwriting and claims management, and fraud detection and prevention. They also provide insurers with valuable customer insights. Predictive analytics, which uses data and statistical algorithms to forecast behaviour, continues to disrupt the insurance sector.

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INFOGRAPHIC: TOP TRENDS IN THE INSURANCE INDUSTRY

The insurance industry is experiencing a new wave of revolution; while Insurtech is levelling the playing field, shifting marketplaces are contributing to innovative business models.

Auto Insurance

How the Cost of Your Auto Insurance is Determined [Infographic]

While buying an auto insurance policy, consumers are not aware of the factors being considered for determining the premium amount. Most of the people think that they are buying a standard product wherein the premium is determined from algorithms & models designed for a certain population. However, in the current scenario, that’s not the case as insurers are using telematics technology and analytics to design policies keeping in mind individual needs and profile.

mobile technology

Mobile Technology in Insurance – Meet Changing Expectations [Infographic]

The use of mobile technology is quite rampant in every industry we can think of and its importance in the commercial insurance space has also picked up of late.

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Connected Technologies and IoT Appeals to the Millennials: Infographic

Last month when I wanted to have my registration issue solved by the unresponsive customer service of a car rental company, I sent them multiple tweets and posted on their Facebook wall. They were non-responsive on calls & e-mails, but they responded within 24 hours to my tweets because every business wants to retain its perceived brand image. With such a power in the hands of consumers, businesses across all industries are redefining strategies to […]