Insurance

“The impact of AI, both Discriminative and Generative, has immediate and long-term effects on the business of insurance.”
— IBM

Manage Data,

Optimize.

Next-level predictive models, deep learning and automation —powered by Big Data, have the potential to fundamentally change how the insurance industry tailors policies, underwrites, manages claims, addresses risks, prevents fraud, and automates overlapping or repetitive tasks.

By leveraging Machine Learning models to gain insight into customer behavior, employ natural language processing, and rake data across social media and device platforms, insurers can gain an understanding of evolving customer needs, improve application submissions and minimize filing inaccuracies. Which in turn can produce better tailored, lower risk, and more profitable insurance products. By automating these processes and entire work flows, insurance brokers can also utilize their time more efficiently with customers and shift focus to more strategic roles.

  • Integrate legacy systems, diverse platforms, cloud-native systems, API connectivity, devices, formats and content to leverage data analytics, enhance work flows, automate key processes, customize insurance solutions and gain insights into overall client engagement.

  • Privacy and security solutions require an understanding of the organization and the industry it operates in. Key considerations should include how data is classified, usage policy, provisioning and monitoring access, endpoint security and authentication.

  • Data Management Solutions leverage widely distributed, structured or unstructured data across various systems and platforms for predictive models in the claims cycle, underwriting, and customer relations.

  • Leverage Machine Learning functionality and Data Analytics to build hyper-customized insurance solutions that offer personalized services, policy schemes and pricing, while minimizing risk and maximizing profitability.

  • Utilize ML models trained on data ingested from diverse platforms to develop detection tools for point solutions such as identifying abnormalities in applications submissions or claims underwriting in order to minimize policy risk and provide the proper insurance solutions.

info@emergentdata.ai