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

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P&C INSURANCE TRENDS To Watch In 2019

In 2019, drone pilots could become the next claims professionals, wearables could transform workers’ comp, and social media could enhance underwriting. And that’s just scratching the surface of what the future of insurtech could hold.

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6 TECHNOLOGY TRENDS THAT WILL DEFINE THE FUTURE OF CAR INSURANCE in 2019

Recent technology trends are changing the way that customers interact with a business. Traditionally, car insurance was dependent on the likes of an insurance agent, the claims team and a simple helpdesk.

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MOBILE TELEMATICS: A GAME CHANGER FOR THE INSURANCE INDUSTRY

It’s no longer a secret that the insurance industry has taken a step towards change and for good. Be it insurance telematics or usage-based insurance (UBI); technological advancements are having a dramatic impact on the automotive industry.

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MOBILE APPS MAKING DRIVING SMARTER!

New digital interventions appear to change driving habits. Mobile-based telematics that measures driving behaviours is now considered to be the future of safer roads.

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USAGE-BASED INSURANCE DRIVING TELEMATICS MARKET GROWTH!

The usage-based insurance (UBI) market is predicted to grow in the next five years. The increased number of vehicles embedded with telematics is one of the major factors driving growth. This tracking system allows insurance companies to calculate premiums based on the vehicle health, usage rate and driving behaviour.

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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.