Harnessing IoT and AI for personalized and dynamic embedded insurance products

Enhance your insurance offerings with embedded solutions. Utilize IoT and AI to integrate tailored coverage at the point of sale. Adapt your business model to meet changing customer needs and leverage technological advancements.

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Generative AI for regulatory compliance in the P&C insurance industry

Explore how generative AI and LLMs can optimize regulatory compliance for P&C insurers, offering solutions for product development, pricing, consumer protection, and financial reporting.

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Policy pulse

Experience how Policy Pulse leverages GenAI to boost efficiency, compliance, and growth. Swiftly adapt policy documents to new regulations, streamline the renewal quote process for customers, and enhance customer service.

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Digital modernization

Transform infrastructure with cloud-native solutions

Modernize your insurance operations by embracing advanced, modular foundational technologies. Begin with cloud migration to enhance scalability, reduce costs, and adopt microservices for greater flexibility. Integrate IoT platforms to gather real-time data, while leveraging advanced analytics for actionable insights. Implement machine learning to automate processes and incorporate LLMOps for sophisticated natural language processing and GenAI tasks.

Cloud migration

Microservices

IoT platform

Analytics platform

Machine learning platform

LLMOps platform

AI for developer productivity

Customer 360° view

Create comprehensive policyholder profiles

Aggregate enterprise-wide data into a single customer record for a holistic view of policyholders. Implement sentiment analysis of customer interactions and feedback to gauge satisfaction levels. Utilize predictive modeling for customer lifetime value and churn risk to prioritize retention efforts. Leverage personalized product recommendations based on comprehensive customer data to enhance cross-selling and up-selling opportunities.

Customer intelligence and personalization

AI focus groups

Churn prevention

Next best action

Search and recommendations

Claims management optimization

Three-layer overview of customer engagement, covering insights, operations, and technology platforms highlighting the 2nd layer

Accelerate claims processing and enhance customer satisfaction

Deploy natural language processing for automatic claim classification and triage, streamlining the initial assessment process. Implement anomaly detection algorithms to flag potentially fraudulent claims, enhancing the integrity of the claims process. Utilize automated damage assessment from images and videos submitted with claims to expedite evaluation and reduce manual workload.

Conversational AI

AI-powered data analytics

AI for process automation

Anomaly detection

Underwriting automation

Three-layer overview of customer engagement, covering insights, operations, and technology platforms highlighting the 2nd layer

Enhance risk assessment and pricing accuracy

Implement risk scoring models using machine learning on historical and real-time data for more accurate risk assessment. Develop automated policy customization based on individual risk profiles to offer tailored coverage. Conduct market trend analysis for dynamic pricing strategies, ensuring competitive and profitable pricing models.

AI-powered data analytics

Intelligent document processing

Pricing optimization

Fraud detection and prevention

Three-layer overview of customer engagement, covering insights, operations, and technology platforms highlighting the 2nd layer

Protect your operations and policyholders

Deploy pattern recognition algorithms to identify emerging fraud schemes and adapt to new tactics. Utilize network analysis to uncover organized fraud rings, addressing complex fraud operations. Implement predictive modeling to score claims for fraud likelihood, prioritizing high-risk cases for investigation.

Fraud detection and prevention solution

Anomaly detection

Regulatory compliance and reporting

Three-layer overview of customer engagement, covering insights, operations, and technology platforms highlighting the 2nd layer

Ensure adherence to industry regulations

Implement a robust governance, risk, and compliance (GRC) platform to manage regulatory requirements, automate compliance processes, and generate required reports for regulatory bodies. Stay up-to-date with changing insurance regulations and maintain data privacy standards.

AI for Insurance regulatory compliance

GenAI for business intelligence

Customer engagement strategies and technology platforms for claims, underwriting, and fraud detection

Our technology expertise spans all major business domains and functions

Artificial intelligence

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Implement AI solutions to automate underwriting, enhance claims processing, personalize policy recommendations, and detect fraud, driving measurable improvements in risk assessment and operational efficiency.

artificial-intelligence

Digital engagement

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Develop user-friendly policyholder portals with mobile-optimized interfaces, AI-powered chatbots for customer service, and personalized insurance product offerings based on advanced data analytics.

Data and ML platforms

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Leverage scalable AI and analytics to transform policyholder data into actionable insights, enabling faster risk assessment, claims adjudication, and competitive pricing through accessible machine learning tools.

Cloud platform and product engineering

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Upgrade legacy insurance systems to cloud-native platforms, improving policy management flexibility and reducing IT costs. Implement automated pipelines to speed up new product development while integrating robust data security measures.

IoT and edge computing

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Enhance risk assessment using IoT devices for real-time data collection in auto, home, and commercial insurance. Leverage edge computing for immediate claims processing, telematics-based pricing, and proactive loss prevention.

Our strategic partners

Google Cloud logo
AWS logo
Microsoft logo
Origami Risk logo
Databricks logo
Snowflake logo

Learn more

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