Inspection technology on streets set to transform insurance industry, unveiled at ITC Vegas 2023, as reported by FF News
In the world of insurance, the protection gap - potential shortages in coverage due to weather events - has been a pressing issue. At the recent ITC Vegas 2023 conference, McKenzie Intelligence Services, a company known for its data-driven approach, took the stage to address this concern.
Rosina Smith, the Chief Product Officer at McKenzie Intelligence Services, introduced a new product designed to enhance claim tracking capabilities and support insurers in managing weather-related claims. The product, while not yet named in detail, is aimed at addressing the protection gap and improving claims response times, particularly in relation to weather events causing damage.
McKenzie Intelligence Services has been active in the insurance industry, focusing on gathering and utilising essential data in the insurance process. Their new product is no exception, as it is specifically related to the insurance claims process. According to Smith, the product is intended to help insurers respond more effectively to weather events, a significant step towards closing the protection gap across the US.
The new product from McKenzie Intelligence Services was met with interest at the conference, with discussions revolving around strategies for addressing the protection gap and improving claims response times. The product is also believed to cover a wider range of insurance needs in the US, potentially providing a more comprehensive solution to weather-related insurance concerns.
While the exact details of the product remain undisclosed, it is clear that McKenzie Intelligence Services is committed to using their expertise in data analysis to improve the insurance industry's resilience in the face of weather events. As the industry continues to grapple with the protection gap, the new product from McKenzie Intelligence Services offers a promising solution.
Stay tuned for more updates as McKenzie Intelligence Services continues to innovate in the insurance sector.
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