Artificial Intelligence Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing Intelligent Intake Streamlining data collection for underwriting with intelligent document processing August 29, 2024 by adamdev Efficient data collection and analysis are incredibly important aspects of effective underwriting. Insurance companies rely heavily on accurate, timely data to assess risks, set premiums, and make informed decisions. However, traditional methods of data collection are often labor-intensive, prone to error, and time-consuming, which can lead to delays and inaccuracies in the underwriting process. Thatās […] Read more Ā»
Data Science Insurance Insurance Claims Insurance Underwriting Intelligent Document Processing Machine Learning Enhancing risk assessment in underwriting with Intelligent Document Processing August 26, 2024 by adamdev Accurate insurance risk assessment is not just importantāit’s essential. Underwriters need to ensure that the premiums charged align with the potential risk presented by a client, a process that demands precision and comprehensive data analysis. Yet, as the amount of data available to insurers continues to grow, particularly in the form of unstructured documents, traditional […] Read more Ā»
Artificial Intelligence Insurance Claims Insurance Underwriting Intelligent Document Processing Cost savings in claims processing through Intelligent Document Processing August 20, 2024 by adamdev Being able to process claims quickly and accurately isn’t just a goalāit’s a necessity in todayās insurance industry. Customers depend on timely resolutions, and companies rely on the efficient claims handling to maintain profitability and customer trust. However, many insurers are still bogged down by manual, outdated processes that eat up time and resources. Enter […] Read more Ā»
Artificial Intelligence Insurance Intelligent Document Processing Transforming insurance with data: how telematics and AI are shaping the future August 15, 2024 by adamdev In this episode of Unstructured Unlocked, hosts Tom Wild and Michelle Govea sit down with Bill Costa, an insurtech executive and consultant with extensive experience at Geico. They discussed the ongoing transformation within the insurance industry, covering various topics from the integration of telematics to the importance of consumer-centric solutions. Overall, the episode offers comprehensive […] Read more Ā»
Indico Insurance Claims Insurance Underwriting Intelligent Document Processing Improving accuracy in claims processing with Intelligent Document Processing August 8, 2024 by adamdev Accurate claims processing is vital to maintaining customer satisfaction and operational efficiency in the insurance industry. Manual methods often result in errors and delays, causing financial losses and a decrease in trust. Intelligent Document Processing (IDP) offers a transformative solution, automating the extraction and analysis of information from various documents. This blog explores how IDP […] Read more Ā»
Artificial Intelligence Insurance Underwriting Intelligent Document Processing Unstructured Unlocked From expertise to AI: a round table discussion on bridging the knowledge gap in insurance underwriting August 6, 2024 by adamdev This episode of Unstructured Unlocked comes from a webinar titled “From Expertise to AI” with industry experts from Indico Data, the Swiss InsureTech Hub, and Microsoft for an in-depth discussion on the future of insurance underwriting. The panel, comprising Tom Wilde, CEO of Indico Data; Silvia Scherrer, President and Co-Founder of the Swiss InsureTech Hub; […] Read more Ā»
Artificial Intelligence Insurance Underwriting Intelligent Document Processing Enhancing underwriting processes with intelligent document processing August 1, 2024 by adamdev Intelligent Document Processing (IDP) has enabled insurance companies across various industries to improve their speed, accuracy, and output in underwriting without hiring more peopleāand improving the effectiveness of their current employees, too. This article explores the details of how IDP enhances different underwriting processes, focusing specifically on improving efficiency, data accuracy, and impact on risk […] Read more Ā»
