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"
Potential Vendors
Quantexa,IBM Watson
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