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

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P&C INSURANCE TRENDS To Watch In 2019

In 2019, drone pilots could become the next claims professionals, wearables could transform workers’ comp, and social media could enhance underwriting. And that’s just scratching the surface of what the future of insurtech could hold.

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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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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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VIRTUAL AGENTS TAKING OVER BASIC INSURANCE SERVICES

That long, irritating waits for a customer service executive to answer your call might finally be over as insurance companies have now set up chatbots to deal with customer queries.

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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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AUTOMATION IN INSURANCE – A MULTI-BILLION OPPORTUNITY

The concept of insurance has been there for ages, yet the business — collecting premiums, assessing risk and paying claims hasn’t changed much. Recently, the industry has embarked on a radical transformation, impelled by a series of digital innovations.