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

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6 TECHNOLOGY TRENDS THAT WILL DEFINE THE FUTURE OF CAR INSURANCE in 2019

Recent technology trends are changing the way that customers interact with a business. Traditionally, car insurance was dependent on the likes of an insurance agent, the claims team and a simple helpdesk.

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AS TECH CHANGES THE INSURANCE INDUSTRY, WHAT SHOULD INVESTORS LOOK FOR?

In the past few years, some big changes have been unveiled in the insurance industry. Prudential Financial said it will go straight to consumers with its insurance products for the first time in its 143-year history, offering products through its website rather than selling exclusively through its large network of advisers.

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HOW IS NEW TECHNOLOGY DISRUPTING INSURANCE?

Throughout history, technology has revolutionized industry. Innovations like the printing press and the steam engine have allowed society and industry to progress and improve. Over the last 2 decades, technology has done the same for the insurance industry.

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STREAMLINE INSURANCE CLAIMS MANAGEMENT WITH AI

With thousands of customer queries, claims, and large amounts of diverse data to manage on a daily basis, the potential of artificial intelligence (AI) in the insurance industry has been expanding.

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INSURANCE COMPANIES TURN TO AI TO FIGHT FRAUD!

Insurance fraud is costing companies billions of dollars annually. Since fraudsters constantly change their strategies, fighting fraud is like aiming at a constantly moving target.

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INSURERS SHOULD STAY RELEVANT IN A DIGITAL FUTURE

The insurance industry is finally in the spotlight after being in the shadows for many years. Though the industry hasn’t evolved much, technology is helping it advance more than it has in centuries.