Join the virtual chat to learn how emerging technologies including Hybrid Cloud and AI can elevate policyholder experiences, reduce operational costs, automate claim processing time, fight against fraud, and help insurance companies accelerate new products and services to market.
The statutory/regulatory bodies like GIC/IRDAI would hold an insurance company in high esteem if there are lower cases of fraud reported by virtue of having detected and hence pre-empted from the frauds occurring – thereby minimising any reputational loss.
Welcome to the #FutureofInsurance Virtual chat! Today, we will discuss how emerging technologies including Hybrid Cloud and AI can elevate policyholder experiences, reduce operational costs, automate claim processing time, fight against fraud. https://www.crowdchat.net/s/167ih
Overall, AI covers a lot of ground for the future of AI, right from connected customer experience, and customer sentiment analysis, to CLTV analysis, to automated claims settlements, to early fraud detection and automated regulatory reporting
It is here in the early detection of Fraud, the AI tuning may require a lot of work due to the pandemic. Many of the behaviors well before the pandemic are expected to be different in the future. The predictive analysis needs to add more weight to the near-time scenarios.
Machine Learning-empowered fully automated claim processing solution can avoid several pain, including: - Error-prone manual data extraction - Inconsistent claim classification - The need for additional downstream validation - Increased time and cost for resolution https://www.crowdcha