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Instant Insights / The latest trends in P&C insurance claims

With so many promising new technologies and capabilities gaining traction and establishing a solid foothold within the industry, the future looks very bright.

Analysis

Here's how emerging technology is changing the claims process

Early adopters of technology often reap greater benefits, but may pay more for the advantage.

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Claims technology options. Insurers are concerned about the disruptions caused by emerging technologies, but also understand the value of the information they capture regarding a claim. (Photo: Shutterstock)

A recent report by Novarica addressed the adoption of emerging technologies in the insurance industry. Interestingly, adoption of these technologies does not appear to be happening equally across all functions of the insurance business. Most adoption is occurring within the underwriting and claims processes.

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