AI | GenAI Enabled Underwriting and Smart Insurance Solution (AUSIS) — Case Study
AUSIS AI/GenAI Platform by Artivatic changing the future of underwriting with focus on digital, personalization, dynamic profile based, instant and in under 60 seconds.
About Artivatic: Artivatic is a no-code/low code full stack solution provider empowering Insurance and Healthcare sector with a product suite built with Artificial Intelligence (AI) and Machine Learning (ML) based technology. A variety of use cases and specific work done by Artivatic using AI / ML based technology include:
Digital customer acquisition platform | Smart Automated Underwriting and Risk Assessment | Customer Financial and Health Profiling and Scoring | Disease Prediction | Non Disclosure and Early Claim Propensity Scoring and Prediction | Fraud Intelligence | Gen AI Models for Interpretation of Medical and Financial documents | Deep learning models to digitise various insurance documents such as KYC, Financial, Medical documents | Image Based analytics | Persistency and Product Recommendation Models
AUSIS Helps In — Insurance and Healthcare Sector
Beneficiary — Life and Health Insurance Customer Onboarding, Risk Underwriting, Profile Based Personalisation, Early Claims, Personalized Pricing, Medical & Health Intelligence Scoring, Location Intelligence, Alternative Data Insights, Fraud Control functions, Medical Validation & Triage and more.
Problems with traditional /existing underwriting process & systems:
- The existing underwriting platform and rule engine was not scalable, user friendly, automated and was not an integrated solution.
- The underwriting process was manual, dependent on visual inspection of proposal form data and did fully realise the benefit from past trends and experience.
- There were limited external sources of data aiding in making underwriting decision
- Customer profile based underwriting decision making process needed a lot of objectivity
For More information read here complete article: https://blog.artivatic.ai/p/ai-genai-enabled-underwriting-ausis
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If you are an insurance company or reinsurance or MGA, looking for transformation of your existing underwriting process or risk assessment systems, reach out to contact@artivatic.ai for demo.
For more info visit: https://artivatic.ai/
