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.

Insurance technology (Insurtech) concept, businessman pressing text with virtual screen.

INSURTECH TRENDS IN 2019

The technological growth is set to revolutionize the insurance sector. The introduction of new technologies is expected to benefit insurance companies, agents and above all the insured themselves.

Insurance Fraud concept

INSURERS TURN TO ARTIFICIAL INTELLIGENCE TO FIGHT FRAUD

The insurance market is a huge business that collects premiums of more than $1 trillion annually, providing fraudsters with immense opportunities to commit fraud.

95c2c4674be9fd0f61ab9c9c275c09ac (1)

HERE’S HOW INSURANCE AGENTS CAN WEATHER TECHNOLOGY GAP!

The insurance landscape is changing at a rapid pace. More and more insurance companies are embracing the latest technologies, be it robotic process automation or predictive analytics.

1__ebKkf1q3kJyVy2oEwnwZQ

TELEMATICS – A GAME-CHANGER IN ROAD SAFETY

It’s no longer a secret that telematics is one of the biggest game changers in the way insurance industry functions. Telling someone to drive safely is quite meaningless, if without specifics. With telematics, insurance companies can now actually show drivers the way they operate their vehicles and what specifically they should do to improve their driving habits.

big-robot-hand-1

ARTIFICIAL INTELLIGENCE HAS MADE INSURERS LIFE EASIER – HERE’S HOW!

For most people, contacting an insurance company isn’t among their favourite activities. The industry is known to have a bad reputation regarding customer experience. Customers often come disappointed and dissatisfied after their interactions with an insurance executive.