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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DON’T BE AFRAID! IOT IS SHAPING YOUR EVERYDAY LIFE!

Ever pondered what the Internet of Things (IoT) looks like? You must have heard of the popular game Pokemon Go – where virtual things push their way into the real world. Well, the world of IoT is completely opposite; here real things are pushing into the virtual world.

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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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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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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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INSURANCE GOES DIGITAL – A WIN-WIN FOR INSURERS AND POLICYHOLDERS

A lot of changes can be witnessed in various sectors – healthcare, travel, finance, etc. – all thanks to digital technology. The emergence of new players using technology has disrupted the industries.