Our customer is a global insurance provider serving across 20 nations (English and Dutch Caribbean, including Trinidad and Tobago, Barbados, Jamaica, Curacao, Aruba, St. Maarten, and Bonaire, name to a few). In addition, our client offers products and services in the entire range of the Eastern Caribbean, Bahamas, Cayman Islands, United States Virgin Islands, and Belize.
Utilizing AI & ML models, the client required a robust system to manage their motor claim and approval processes.
Pioneering hyper-personalized AI/ML solution architecture, Technovert was able to implement a solution that improves the efficacy of underwriting operations. The success resulted in the long-term efficiency of the client’s claim management process.
To know about the Tech stack used and solution architecture implemented, download the case study to your right.
Our client embarked on a strategy to leverage AI/ML to make their motor claim management and approval process more efficient. It was observed that during the pandemic, although the comprehensive policy claims volume was low – the claim amount per incident in the operating territory was observed to increase at ~10% on an average. This resulted in an increased risk exposure. The client needed a solution to predict and alert on suspicious claims.
Download the case study for a detailed representation.
We love what we do so much and we're always looking for the next big challenge, the next problem to be solved, the next idea that simply needs the breath of life to become a reality. What's your challenge?