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

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WEARABLE TECHNOLOGY: A GAME-CHANGER FOR THE INSURANCE INDUSTRY!

Wearable technology in the form of fitness trackers holds great promise to revolutionize the insurance sector, which traditionally had limited opportunities. Not only consumers, but wearables are being embraced by insurers as well.

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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.

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AS TECH CHANGES THE INSURANCE INDUSTRY, WHAT SHOULD INVESTORS LOOK FOR?

In the past few years, some big changes have been unveiled in the insurance industry. Prudential Financial said it will go straight to consumers with its insurance products for the first time in its 143-year history, offering products through its website rather than selling exclusively through its large network of advisers.

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3 INSURANCE TECHNOLOGY TRENDS THAT WILL RULE THE ROOST IN 2019

We’re sure you’ll agree when we say: traditionally, the insurance industry worldwide has been dominated by massive national brands and legacy product lines and age-old technology.

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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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VOICE TECHNOLOGY: THE NEW NORMAL FOR THE INSURANCE COMPANIES

Insurance is one of the oldest industries in the world, yet it lags somewhere behind other sectors in digital maturity.