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

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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.

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?

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TELEMATICS – DRIVING GROWTH IN AUTO INSURANCE

With the arrival of mobile telematics technology, the auto insurance industry is going through a transformation. Data-driven intelligence is working wonders — customers are no longer being judged on their age or gender.

Driverless car

What Driverless Car Tech Means For Filing A Car Insurance Claim – Affordable Insurance Group

Tesla manufactures driverless vehicles. These cars operate with advanced autonomous technology, which allows them to navigate on their own. No driver is necessary.

Auto insurance

What is Covered under your Auto Insurance Policy?

If you own a car, you have to protect your vehicle through an auto insurance policy. Generally, people buy a policy without giving much thought to what is covered, what is required and what they need. Like every other product, it’s important to make an informed decision before making the final purchase.

Self-driving Cars

The Insurance Impact of Self-driving Cars and Shared Mobility – Tech Crunch

“We’re going to see more change in the next five to 10 years than we’ve seen in the last 50,” said Mary Barra, CEO of General Motors, on record. While that statement is now a year old, it continues to ring true. Vehicle ownership is changing and self-driving cars will be implemented in the next decade. What will affect the insurance industry more: self-driving cars or shared mobility?