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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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.

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5 INNOVATIONS CREATING A STORM IN THE INSURANCE INDUSTRY

Today’s consumers are becoming comfortable with new technologies. They expect this digital experience in every interaction, which means the need to innovate, is critically important for insurance companies.

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Technology is Reshaping the Insurance Industry

The insurance industry is experiencing a substantial digital transformation. Some of the insurance providers fear losing market share and are, therefore, racing to catch up with the digital natives that have entered the market.

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Technology is changing the way insurers work

Driven by cut-throat competition, changing customer needs, and digitization, the insurance sector is witnessing a new wave of transformation. Technological improvements pooled with constant changes are reshaping the industry, keeping insurers on their feet.