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

business-1836990_960_720

ADVANCED ANALYTICS – A BOON FOR INSURANCE PROVIDERS

Data generated, collected and processed in huge volumes led to this massive phenomenon called Big Data. This big data eventually gave rise to the revolution of analytics.Â

life-health-insurance-policy-concept-idea-finance-insurance_1421-87

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.

insurance

INSURANCE COMPANIES FACING DIGITAL REALITY!

If someone had asked ten years back which industry should be the first to taste digital innovation, many would have pointed towards the insurance industry.

180129-D-FN314-001A

WEARABLES AND FITNESS DEVICES OFFER NEW OPPORTUNITIES AND CHALLENGES FOR THE INSURANCE INDUSTRY

Wearables and fitness-tracking technology have witnessed rapid growth in recent times. International Data Corporation reports that one in every five people in the U.S owns a wearable fitness device. It also estimates that annual shipments will exceed 250 million devices by 2021.

Senior Adult Life Insurance Healthcare Concept

HOW IS NEW TECHNOLOGY DISRUPTING INSURANCE?

Throughout history, technology has revolutionized industry. Innovations like the printing press and the steam engine have allowed society and industry to progress and improve. Over the last 2 decades, technology has done the same for the insurance industry.

58ecb6442b45f

VIRTUAL AGENTS TAKING OVER BASIC INSURANCE SERVICES

That long, irritating waits for a customer service executive to answer your call might finally be over as insurance companies have now set up chatbots to deal with customer queries.