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

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INFOGRAPHIC: UNLOCK THE VALUE OF BIG DATA IN INSURANCE

Property and casualty (P&C) insurers are advancing their use of predictive analytics, according to leading global advisory, broking and solutions company, Willis Towers Watson.

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INSURERS USING DIGITIZATION TO THEIR ADVANTAGE!

The insurance industry is going through a significant digital transformation. An upsurge in insurtech investments has shaken the insurance industry to its core.

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INFOGRAPHIC: PREDICTIVE ANALYTICS DRIVES PROFITS FOR INSURERS

Data and analytics are essential to the success of insurance companies – underwriting and claims management, and fraud detection and prevention. They also provide insurers with valuable customer insights. Predictive analytics, which uses data and statistical algorithms to forecast behaviour, continues to disrupt the insurance sector.

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TECHNOLOGY – CHANGING THE WAY WE BUY INSURANCE!

Do you still remember the comic science fiction cartoon “The Jetsons”, made in the 1960s and 1980s? This show made all sorts of predictions about the distant future – jetpacks and traffic jams on the skyways; but skipped over the question of insurance.

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INFOGRAPHIC: TOP TRENDS IN THE INSURANCE INDUSTRY

The insurance industry is experiencing a new wave of revolution; while Insurtech is levelling the playing field, shifting marketplaces are contributing to innovative business models.

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INSURTECH – TRIGGERING INNOVATION IN THE INSURANCE REALM

The insurance industry is facing a convergence with technology, and as a result transforming the way it develops products, set prices, underwrites and sells policies. More and more tech-savvy players are entering the industry, bringing the full force of their innovative, opportunity-laden power.