Artificial Intelligence in the Insurance Sector
Discover how AI-powered insurance software solutions are transforming claims management and risk assessment. With our solutions, insurance companies can easily integrate advanced computer vision models into existing claims assessment and analysis workflows, with flexible implementation options. Leverage AI for damage estimation, helping teams assess claim severity faster, identify potential fraud, and optimize settlement processes at every stage.
Damage Recognition
With computer vision, you can accurately identify and classify every single damage on a vehicle (e.g., scratches, dents, breaks) or property. This goes beyond simple damage detection, specifying its exact extent and location while providing automated preliminary repair cost estimates.
Vehicle Data Extraction
Using computer vision and OCR (Optical Character Recognition), you can automatically extract key vehicle information including VIN numbers, license plates, model and year data. Automate data collection for policy quoting, claims management, and preliminary verifications, accelerating the entire policy lifecycle.
Document Analysis
Automatically extract specific data from documents and photos like policy contracts, claim forms, medical certificates or inspection reports. This can include names, dates, amounts, specific clauses, etc. Use AI to classify documents by content and type (e.g., auto policy, home policy, damage estimate), routing them to the correct department or process.
Workplace Safety
With Veedeo and Ubiquitous, actively monitor employee behavior to ensure compliance with safety regulations and proper use of protective equipment.
Benefits of adopting Computer Vision and AI in insurance
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Boost Production Efficiency
- Enables companies to handle higher claim volumes with reduced response times, improving customer experience and operational efficiency.
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Increase Productivity
- Computer vision automates information extraction needed for policy quoting, claims management and preliminary verifications, accelerating the entire policy lifecycle.
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Enhance Operations
- Reduces manual document processing, speeding up customer onboarding, request handling and archiving, improving overall efficiency.
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Optimize Resources
- Automatically extract and organize only truly useful information, speeding up and simplifying processes.