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

business-1836990_960_720

ADVANCED ANALYTICS – A BOON FOR INSURANCE PROVIDERS

Data generated, collected and processed in huge volumes led to this massive phenomenon called Big Data. This big data eventually gave rise to the revolution of analytics.

Big-Data-in-the-Financial-Services-Market

BIG DATA IS CHANGING THE INSURANCE FOREVER. KNOW HOW!

Insurers have historically collected a large amount of data, but have been slower to capture its value. As more insurance consumers move online to compare products & prices, and make purchases, the volume of available data has increased exponentially.

insurance

INSURANCE COMPANIES FACING DIGITAL REALITY!

If someone had asked ten years back which industry should be the first to taste digital innovation, many would have pointed towards the insurance industry.

Senior Adult Life Insurance Healthcare Concept

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.

chatbots-lead-700x525

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.

shutterstock_672511930

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.