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

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TECHNOLOGY ADDING VALUE TO THE INSURANCE INDUSTRY!

Just like other industries, technology is leaving significant footprints in the insurance sector too. Innovations and digital interactions are modernizing the industry and refining its ways of operation for good.

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USAGE BASED INSURANCE GENIE – DRIVING THE USER EXPERIENCE

Do you know; you can now save money on your car insurance? All you need is to become a smooth driver who doesn’t speed through turns or slam on the brakes. And that’s how usage-based car insurance works.

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UNDERWRITING IN THE DIGITAL ERA!

The insurance sector is flooded with data from a variety of sources including, reports on property values, credit scores, and inspection reports.

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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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Auto Claims Satisfaction Study Reveals Low Preference for Digital Channels

According to the J.D. Power 2016 U.S. Auto Claims Satisfaction Study, customer satisfaction with respect to auto claims process is rising amongst all age groups barring the Generation X. In the last year’s survey, satisfaction levels were low amongst the Gen Y clients however, it has risen over the year.

Homeowners Insurance

10 events homeowners insurance doesn’t always cover – AoI

If you own a home, you most likely have homeowners insurance (it’s typically required to secure a mortgage). You know your insurance policy covers your home and the possessions inside it in the event of a fire or theft, but you may not realize there are many things which are not covered by your homeowners insurance.