Add to Favourites
To login click here
Data analytics, AI, ML, IoT and cloud have revolutionized claims management, allowing for faster turnaround time, enhanced customer experience, proactive risk prevention, data-driven decision-making and seamless integration with stakeholders. Data-driven approaches help gain deeper customer insights, identify fraudulent claims and assess risk accurately. AI-powered chatbots and virtual assistants provide real-time interactions with claimants, while ML algorithms detect patterns of fraud. IoT devices can detect potential risks, allowing property insurers to take proactive measures to prevent damage and decrease claims.