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

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MOBILE APPS MAKING DRIVING SMARTER!

New digital interventions appear to change driving habits. Mobile-based telematics that measures driving behaviours is now considered to be the future of safer roads.

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TELEMATICS CAN IMPROVE CLAIMS PERFORMANCE

The insurance industry has undergone tremendous advancements over the years, but not much change has been made in the process of handling a claim. Ever since the telematics technology has been introduced, it’s having a remarkable impact on the automotive insurance industry.

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REDUCE YOUR CLAIM COSTS WITH TELEMATICS

The auto insurance claims costs are increasing faster than ever, making it imperative to find a reliable way to reduce them. According to insurance statistics, around 40% of drivers who submit a claim are likely to change insurers within a year.

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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.

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INSURERS ARE BETTING BIG ON CHATBOTS. WHY?

Ever since Facebook introduced its chatbot functionality on Messenger, organizations have been going crazy over the customer outreach possibilities. Over the past two years, chatbots have been making the headlines – thanks to the immense potential they withhold.

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GAME OF DRONES TRANSFORMING THE INSURANCE INDUSTRY

The insurance industry is experiencing a rapid technological transformation and the way people are purchasing insurance. If we talk about technology in insurance, the drone is one important technological tool that we can’t miss. This new technology is expected to impact the insurance industry significantly.