Claims Triage and Forecasting / Claims Automation

Insurance

Recognizing human speech can help digitize claims handling. Since much of a customer service rep’s time is spent processing claims over the phone, speech recognition can help with transcribing and interpreting information.             

Benefits for the company

For claims triage, not being able to accurately isolate claims that warrant fast settlement—or deeper investigation— can be expensive and result in some significantly over- or under-paid claims. AI-powered systems are more sophisticated and nuanced than a rules-based system, and can make increased  granularity a reality.

Feasability

High

Type of expertise/ AI domain

Voice APIs, Speech to Text, Image Recognition – Natural Language Processing

Internal data required

Claims related data, Customer Interaction Data

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