AI Use Case

Accelerate claims processing by automating processes

Accelerate claims processing by automating processes - this might including automated customer recognition or data capture to speed activity up

Function

Benefits

Cost - Job automation,Operational - Process speed up

Case Studies

Ping An Insurance~Ping An Insurance improves client authentication efficiency by using face and voice recognition,UK Train Operating Companies~UK Train Operating Companies automates 93% of claim processing and detects fraudulent payback claims for trains delayed by more than thirty minutes with 70% accuracy using machine learning,Infinity Property & Casualty~Infinity Property & Casualty processes claims 35% faster by developing a solution to flag potentially fraudulent claims using machine learning,"EY ~EY develops embedded audit analytics system, Helix, to automate auditing complex transactions"

Industry

Financial Services

Insurance

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),Traditional AI,ML Task - Prediction - Multi-class Classification,ML Task - Prediction - Binary Classification,ML Task - Grouping - Anomaly Detection

Potential Vendors

Quantexa,IBM Watson