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

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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.

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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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SMART INSURANCE – A WIN-WIN FOR INSURERS AND THE INSURED!

There is an unbelievable explosion of insurance data in the last few years. But, that’s nothing compared to what’s coming next with the Internet of Things (IoT).

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INFOGRAPHIC: WHY INSURERS SHOULD HASTEN TELEMATICS INVESTMENT

The emerging insurance telematics is revolutionizing the auto insurance industry. Insurers that embrace digital transformation will have tremendous opportunities to better engage with their customers, while providing new and improved services and also cut down costs.

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REDUCE YOUR CLAIM COSTS WITH TELEMATICS

The auto insurance claims costs are increasing faster than ever, making it imperative to find a reliable way to reduce them. According to insurance statistics, around 40% of drivers who submit a claim are likely to change insurers within a year.

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AUTOMATION IN INSURANCE – A MULTI-BILLION OPPORTUNITY

The concept of insurance has been there for ages, yet the business — collecting premiums, assessing risk and paying claims hasn’t changed much. Recently, the industry has embarked on a radical transformation, impelled by a series of digital innovations.