Worldwide, the Property & Casualty insurance landscape is evolving quickly. Policyholders are looking for more personalized offerings through their preferred channels or platforms. P2P insurance or pay-per-use caused non-traditional players to enter the market. Inventive solutions directly interacting with the customers are needed. Artificial Intelligence enables auto-adjudication systems and techniques for quicker and more effective underwriting and claims processing.
The pricing of simple insurance products is a headache dossier. Risk prevention, as well as smart repairs and replacement, can help reduce costs. Read the Capgemini report Top Trends in Property and Casualty Insurance: 2020 that explores the innovative approaches future-focused insurers are taking to stay competitive within today’s dynamic business landscape.