Insurance companies facing the challenges in building new-gen platforms for policy underwriting, risk assessment, automation due to existing legacy systems and disconnected multiple platforms. AUSIS - Smart AI UW System is design for the same to help Insurers to redefine the FUTURE OF UNDERWRITING. 

New Age Tech for Insurance risk assessment

Redefining Future  

• Analyse over 10X data in 1/10^th the time

• Channelise human effort to higher value tasks

• Enhance underwriting decision consistency and accuracy

• Significantly improve risk assessment and reduce frauds and early claims

• Take a holistic view of all data (physical, digital, past trends and external data)

• Get value added insights for the underwriter to assess risks better

A Game Changer for Insurer. Future of Underwriting. Transform Risk Assessment Using Smart-tech

Self Decision Making & Learning.

• Powerful Automated underwriting platform (version 3.0 in production) that provides 360 degree view to underwriter along with underwriting decision recommendation with scores and detailed insights

• Underwriting rule engine (first of its kind implemented in production) which provides the power to make real-time changes and agility required for the business

• Pre-trained models integrated with ICR/ OCR capability to digitize data from over 90 document classes

• Ability to fetch multiple public information through APIs to enrich digital data and improved risk assessment and underwriting decisions

AUSIS making an Impact to the Insurance Industry. Big Way.

NO-PHYSICAL ANYMORE: manage digitally

Powerful Use-cases.

• Handles over 1500+ insurance specific attributes

• Pre-trained models to recognise, process and digitise data from over 80 document classes

• Integrations with over 12 external APIs to enrich proposal data

• Enriched data is used for inbuilt Business Rule Engine and Underwriting recommendation using AI/ML models

• Over 15 different scores implemented in production to provide detailed insights into every new business proposal

• Highly configurable Business Rule Engine (ProdX) integrated to configure all underwriting guidelines to provide a rule based decision (With over 350 parameters, 200 rules and 2500 sub-rules already configured)

• Go Live- 2-4 months depending on the number of integrations to be done.

Pre-Trained Artificial Intelligence & ML Based Risk, Decision & Fraud Models. FASTER GTM 2-3 Months to Go Live

• Online digital customer onboarding platform  (agent assisted and customer self buy)- digitize onboarding journey with instant validations and decisions

• Predict health vitals from photographs or videos – critical for underwriting decisions, improve risk assessment for non-medical portfolio

• Face and signature matching – for stronger KYC, underwriting decision, fraud detection

• Digitisation and risk scoring of various financial documents, KYC and medical reports – for strengthening underwriting decisions, fraud prevention and improved business analytics capability

• Masking of Aadhar images real-time and legacy – for stronger regulatory compliance

• Digitisation of documents such as Death Certificates, NACH, various questionnaires, claims forms etc – for process efficiency, reduction in operating expenses

Integrated Platform for any Journey, Platform or core Systems 🚀 : 100% - Micro Services Based System

Experience with Multiple Core Insurance Platforms like Ingenium, LifeAsia, AURA, OPUS, TCSBancs, INSTAB etc.  🚀  : 7+ different insurance systems

STP Improvement & Early Claims Detection🚀 : 40% Increasing STP & Reducing Fraud

Digitising Scanned, PDF & Handwritten Documents🚀 : Complete Patient Health App: 100+ Different Documents 

GET AUSIS SMART AI UNDERWRITING PLATFORM DEMO.

Reach out to us: contact@artivatic.ai

Visit Website: https://artivatic.ai/