India, Dec. 4 -- Claims processing is where trust is won or lost. Traditional systems lag post-disaster. AI-driven image recognition, drone sensing, and anomaly detection streamline claims and prevent fraud.
In another use case, a leading health insurer in the US automated 75% of claims using AI-led document ingestion, NLP, and predictive analytics, cutting settlement from 15 days to 72 hours and reducing overhead by 40%, improving response to high-volume events.
Technology must go hand-in-hand with capital, with risk-pooling and larger premiums amplifying digital claims impact.
For this transformation to scale, we need a supportive ecosystem:
Insurers must stop avoiding high-risk geographies. Technology allows them to price, reinsure...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.