10 Ways AI is Transforming Insurance

Whitepaper

63% of insurance executives believe that the entire industry will be transformed by intelligent technologies.

This report aims to fill the literacy gap by providing use cases of how Artificial Intelligence (AI) can actively transform the insurance industry.

Value-driven Technology Enabling Growth in the Insurance Industry

10 ways AI is transforming insurance right now

 

 

 

Risk Mitigation

#1 Speeding up claims processing

#2 Using chatbots to improve customer workflow

#3 Detecting and preventing fraud

 10 ways AI is transforming insurance right now

 

 

 

First Notice of Loss

#4 Mobile interfaces

#5 Processing claims data autonomously

 10 ways AI is transforming insurance right now

 

 

 

Claims Management

#6 Automated claims support

#7 Advanced underwriting

#8 Using algorithms to spot fraudulent claims

 10 ways AI is transforming insurance right now

 

 

 

Loss Assessment

#9 Self-service apps

 10 ways AI is transforming insurance right now

 

 

 

Settlement

#10 Expedited claims

 

 

Encora is an innovation partner to leading technology companies, providing digital engineering across cloud, AI, security, data, and more. With 9,000+ associates across 47+ offices and labs globally, our vertical capabilities and agile engineering approach accelerate innovation for clients. 
We have extensive industry knowledge and broad expertise in digital projects covering paperless quote and bind flows, automation of the claims process through AI, and fraud detection using machine learning algorithms across personal and commercial lines, corporate, and specialty.

 

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From data to insights, from manual forms to pure digital customer journeys, we are the partner of choice for many top-tier insurers and banks in Europe and North America.

 

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We are the software development company fiercely committed and uniquely equipped to enable companies to do what they can’t do now.

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+1 (480) 991 3635

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Innovation Acceleration

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+1 (480) 991 3635

letstalk@encora.com

Innovation Acceleration