Hardened Market, Higher Insurance Pricing Expected as a Result of Recent Hurricanes: KPMG Survey
The
"Insurance companies are well capitalized to respond to the destruction caused by hurricanes Irma and Harvey," said
Survey participants said the two biggest challenges facing insurers, are the difficulties in assessing property damage, as well as managing customer expectations and awareness of coverage. To improve claims efficiency and communication with customers, insurance executives cited the use of drones and social media as the top technologies they will utilize to help customers quickly settle claims.
"The insurance industry has been doing a great job embracing technological innovation," added Hay. "The recent hurricanes will present an opportunity to showcase some of the advancements made in assessing damages and rapidly settling claims."
About
Contacts:
Andreas Marathovouniotis
KPMG LLP
201-307-7608
917-957-1174 (c)
[email protected]
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SOURCE
“Building a 21st Century Infrastructure for America: Economic Development Stakeholders’ Perspectives.”
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