Traditional claims processing is a highly manual, time & money-consuming, and error-prone process. AI can quickly analyze claims data in different formats (photos, handwritten documents, voice memos, invoices), predict its severity, and recommend best actions. This results in increased productivity and efficiency of the claims lifecycle.Â
Understand the Use-case under 5 minutes
Article + Video
Making motor claims assessment effortless, fast and user friendly with Artificial Intelligence.
VisitArticle (5 minutes)
Exploring how AI can transform the Claim Processing process, specifically on four fronts: Data capture, Visual assessment, Risk management, and Payments
ReadArticle (3 minutes)
Accurate predictions can help you lower your claim cost by assigning the right adjuster or making critical decisions regarding case management early in the claim’s lifecycle.
ReadGet to know more Business and Technical details about the use-case (15-30 minutes)
More detailed introduction covering business and technical aspects
Article (17 minutes)
A detailed guide describing how AI could be used to automate claims processing via: intelligent claim submission, intelligent document processing, and damage evaluation using computer vision.
VisitArticle (3 minutes)
AI empowers different steps across the Claim Processing value chain: Claims Triage, FNOL Risk Ranking, Claim Development, Attorney Involvement Prediction, Litigation Probability, Legal Expense Prediction, and more
VisitCase studies, Organizational Aspects, Return on Investment examples
Article
McKinsey estimates that in Germany alone insurers could save about 500 million Euros each year by adopting machine learning systems in healthcare insurance. The article highlights some organizational best practices for implementing AI-based claims processing
VisitCase Study
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has set a world record for the speed and ease of paying a claim: 3 seconds and zero paperwork.
VisitMore details on the technical aspects of the use-case
Â
The solution leverages AI to examine and analyze the images, documents, and audio and video feeds submitted for a claim. It reduced the elapsed time for damage estimates from 2-3 weeks down to just a couple of days
VisitVideo (6 minutes)
IBM provides a demo to see how insurance companies can modernize their approach to automotive claims processing. AI can automate different pieces of the workflow including Fraud Detection
WatchVideo (48 minutes)
Demonstration for an end to end workflow for a car damage claim processing (watch starting 2:27)
WatchTechnical resources that will help you implement the use-case (notebooks, tutorials..)
Notebook
Predicting the category of a claim early in the process using: Random Forests, Support Vector Machines, MLP Neural Networks and K- Nearest Neighbor Learning
VisitÂ
Automating Property Claims processing via Item Classification and Matching. Used NLP through a multi-class classifier built on text features, and a multimodal branched deep neural network acting as a ranker for refining item matches
VisitPaper (30 minutes)
An automated AI system that has different components to tackle each of the tasks performed during the claim process using an end-to-end pipeline for the user to upload images, visualize the predictions, and also get the estimate of the cost of repair.
ReadArticle + Github Repo
Python application to automate the extraction and validation of healthcare claim documents using Amazon Textract and Amazon Comprehend Medical.
VisitÂ
Predict what kind of claims an insurance company will get. This is implemented in python using ensemble machine learning algorithms.
VisitGithub Repo
Using a dataset from Kaggle; provided by AllState (a US-based insurance company); this notebook tries to predict the severity of claims using different machine learning techniques - so as to enhance the claims processing speed
VisitData Sets you can use to build Demos, POCs, or test Algorithms
188,318 training examples. Each row in this dataset represents an insurance claim, along with 130 attributes: 116 are categorical, and 14 are numerical features. There is a loss associated with each training example.
Off-the-Shelf Products using AI to Automate Claims Processing
Got a Question or a Resource to share with the Community? Please do!
Copyright © 2024 AI Cases. All rights reserved
Session expired
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.