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

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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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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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INSURANCE COMPANIES TURN TO AI TO FIGHT FRAUD!

Insurance fraud is costing companies billions of dollars annually. Since fraudsters constantly change their strategies, fighting fraud is like aiming at a constantly moving target.

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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.