Property & Casualty Insurance

Helping you leverage the InsurTech disruption

If you ask any consumer about their insurance buying or claims settlement experience, you would certainly get to hear about the many challenges they have faced and how, for every other information, they are required to connect with an agent. When everything else can be done through a few clicks on the web, customers tend to be more content with insurers who offer a seamless digital experience. In these times of digitization, any insurer that still pursues the traditional way of doing business may not survive for long.

The Digital Age

Apart from improving the customer experience, the digital innovation also helps the insurance sector in accurately forecasting risks and preventing frauds. The Internet of Things (IoT) has made it possible for insurers to capture millions of data points. By integrating in-house policy administration systems with IoT devices, insurers can collect vital client data to provide better services as well as to offer other products that might cover clients from unforeseen risks.

Take the example of an auto driver who usually drives at the mandated speed, rarely accelerates rapidly and always hits the break gradually. Without a telematics device, an insurer would never be able to differentiate between him and a rash driver. Yet, both pay the same amount of premium as governed by the actuarial practices for drivers in that area. With telematics, insurers can not only get complete data about driving patterns but also receive vital information such as, first notice of loss, vehicle location, parts damaged, in case there’s an accident.

Customer Retention & Satisfaction

With decades of industry experience, whenever we try to address a problem, we have learned to analyze each aspect of the problem definition with reference to its impact on the end-consumer. Technological solutions that aim to improve the consumer experience always wins everyone’s loyalty in the long-run.

Whether you talk about claims settlement, product diversity, actuarial practices, underwriting, distribution or marketing, every function should be backed by a system that is robust and offers a unique experience to the customers. We have worked on legacy systems as well as digital apps and the wealth of experience accumulated over the years has familiarized us with the intricacies of the property and casualty insurance business.

Our Clients

Ebooks and Whitepapers

What we can do

  • Legacy System Migration and Modernization
  • System Integration with IoT and Custom Interfaces
  • Enterprise Mobility, Web-To-Mobile
  • Rating, Rate & Forms Revisions, State Filing
  • Agency and Customer Portals

Helping build the future

  • Internet of Things - Help homeowners protect their homes
  • Telematics - Get driving patterns and accident data on-the-go
  • Mobility - Turn data into actionable insights
  • Artificial Intelligence - Improve damage assessment and claims handling

KMG Advantage

  • 24×7 Production support
  • Multi-language & multi-currency applications
  • Enhanced mobile experiences
  • Sturdy backend systems
  • Seamless integration with existing systems