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.

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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.

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INFOGRAPHIC: RPA RE-INVENTING THE INSURANCE INDUSTRY

Robotic Process Automation (RPA) is one of the most significant technology-based opportunities for the insurance industry.

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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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ARTIFICIAL INTELLIGENCE MAKING INSURANCE EXPERIENCE BETTER

From managing chronic conditions more efficiently to helping customers choose the right insurance plan, artificial intelligence (AI) is ready to disrupt the health insurance industry. Insurance companies today are using AI in ways not possible a few years ago.

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TECHNOLOGY – CHANGING THE WAY WE BUY INSURANCE!

Do you still remember the comic science fiction cartoon “The Jetsons”, made in the 1960s and 1980s? This show made all sorts of predictions about the distant future – jetpacks and traffic jams on the skyways; but skipped over the question of insurance.