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

105

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.

Smart car (HUD) concept. Empty cockpit in vehicle and Self-Driving mode car graphic screen with flare light

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.

Global-Automotive-Telematics-Market-1024x614

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.

12_Telematics-Vehicle-Driven-Data

TELEMATICS – DRIVING GROWTH IN AUTO INSURANCE

With the arrival of mobile telematics technology, the auto insurance industry is going through a transformation. Data-driven intelligence is working wonders — customers are no longer being judged on their age or gender.

pexels-photo-69760

Is IOT Transforming the Insurance Industry?

The insurance industry is experiencing a profound change driven by a fast-growing and innovative force – The Internet of Things (IoT).

mobile technology

Insurance Going Digital – Technological Trends Impacting the Industry

A wide range of technologies is set to transform the insurance sector. Industry giants like State Farm, Allstate, and Nationwide, are challenging traditional ways of buying insurance.