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

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INFOGRAPHIC: UNLEASH THE POWER OF PREDICTIVE ANALYTICS IN INSURANCE

Data and analytics play a critical role in insurance sales and distribution, underwriting, fraud prevention, and claims management. Predictive analytics uses data & statistical algorithms to forecast behaviour and continues to disrupt the insurance sector.

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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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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.

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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.

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.