Insurance Underwriting Intelligent Intake Intelligent intake: A sure way to increase insurance employee productivity and deliver ROI November 8, 2023 by adamdev Cost-justifying most any IT project often comes down to demonstrating a sound return-on-investment (ROI) or, in the insurance world, the percentage of gross written premium the solution represents vs. projected savings. By any measure, intelligent intake projects can deliver impressive results. For insurers, much of the savings comes from making employees more productive ā enough […] Read more Ā»
Artificial Intelligence Insurance Intelligent Intake AI loves data and insurance has lots of it; the possibilities are endless October 17, 2023 by adamdev While thereās no shortage of hype around artificial intelligence in the insurance industry, in many ways itās warranted because AI is transformational technology. The key is to be mindful of what AI can and cannot be expected to do. In this post, with the help of my Unstructured Unlocked podcast partner Michelle Gouveia of Sandbox […] Read more Ā»
Insurance Claims Intelligent Intake How to put the policyholder at the heart of operations to thrive in the digital age October 13, 2023 by adamdev In the latest episode of “Unstructured Unlocked,” our hosts sat down for a conversation with Danielle Groves, Director of Strategic Development Programs at Guidewire. Groves shared extensive insights into the ever-evolving landscape of the insurance industry, particularly in the realm of claims automation. Starting as a project manager for personal and commercial lines implementation projects […] Read more Ā»
Insurance Claims Insurance Underwriting Intelligent Intake 5 ways insurance process automation reduces errors and increases profits October 3, 2023 by adamdev Insurance companies inherently know that errors, whether in claims or underwriting processes, are bad for business. Less understood is how automating claims and underwriting processes can reduce errors, leading to potentially outsized business gains in terms of loss and combined ratios, and improved underwriting capacity. Itās a potentially sticky issue because as insurers assess options […] Read more Ā»
Insurance Claims Insurance Underwriting Intelligent Intake Unlocking success in intelligent intake: Strategies, opportunities, and metrics October 2, 2023 by adamdev In today’s rapidly evolving business landscape, intelligent automation has become a cornerstone of efficiency and competitiveness. In a recent episode of “Unstructured Unlocked,” Thomas Mandel, a transformation manager at Cushman and Wakefield, joined hosts Chris Wells and Michelle Gouveia to explore the intricacies of intelligent intake and its role in modern organizations. Listen to the […] Read more Ā»
Artificial Intelligence Insurance Claims Intelligent Intake AI can indeed help automate insurance claims processing ā but it wonāt replace humans September 26, 2023 by adamdev In their never-ending quest to automate claims processing, insurance companies are naturally turning to artificial intelligence (AI) technology. And plenty of vendors are more than willing to assure you AI will bring you to the promised land of straight-through processing (STP). Indico Data is not one of them. Thereās no question AI can and does […] Read more Ā»
Insurance Claims Intelligent Intake 3 ways automated claims processing helps detect insurance fraud September 20, 2023 by adamdev Fraud has long been an issue in both retail and commercial insurance, but now carriers are finding automated claims processing technologies including intelligent document processing and artificial intelligence provide a way to fight back. Insurance fraud costs U.S. businesses and consumers $308.6 billion per year, according to the Coalition Against Insurance Fraud. The top 5 […] Read more Ā»
Insurance Claims Insurance Underwriting Intelligent Intake How to eliminate manual processes in insurance claims and underwriting September 11, 2023 by adamdev Thereās a problem plaguing the insurance industry, and itās easy to understand: itās too dependent on manual processes and needs a heavy dose of automatic data submission. Whether itās first notice of loss (FNOL) documents for claims or broker submissions for underwriting, the industry is rife with documents that traditionally require a hands-on approach to […] Read more Ā»
Artificial Intelligence Insurance Intelligent Intake Unveiling the future of insurance with Generative AI: Insights from Everest Group September 6, 2023 by adamdev Watch Christopher M. Wells, Ph. D., Indico VP of Research and Development, and Michelle Gouveia, VP at Sandbox Insurtech Ventures, in episode 27 of Unstructured Unlocked with Abhi Kothari, Practice Director at Everest Group. Listen to the full podcast here: Unstructured Unlocked episode 27 with Abhi Kothari, Practice Director at Everest Group ļ»æ In a […] Read more Ā»
Insurance Claims Intelligent Intake How automating claims intake streamlines settlements, saves time, and boosts customer satisfaction August 28, 2023 by adamdev Failure to process claims quickly and accurately is the best way to lose customers in the insurance industry, which is why so many commercial insurers are interested in using artificial intelligence to automate claims processing. The first step in that effort is to streamline claims intake processes, an area where AI-based intelligent intake solutions shine. […] Read more Ā»
