As you are aware, Insurtech is picking up throughout the world. However, the users’ movements patterns have completely changed post-COVID. What was true before isn’t true anymore. COVID-19’s most impact is on Health, it may be individual, family, employee or relatives. Due to this more & more health claims are also getting notified to Payers/Providers. This has […]
Technology is increasingly affecting every area of our lives and the insurance sector is no exception, especially health insurance. Efficient claims management is extremely important for insurance companies as it can significantly affect the insurer’s costs, it can eat up to 80% of the revenue earned from premiums. Therefore, digitizing every step of the way […]
Use Case & Objective The solution needed to help in enabling claims team to faster asses the intimation data, documents reading & processing, data match among multiple documents, building investigation audit for conducting investigation and providing final claims assessment with adding multiple processes and rules already available with SBI General Insurance. The idea was to […]
Auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. The challenges faced by traditional auto insurance claims system are :
Insurance is one of the most lagging behind industry in terms of Innovation but for last 3 years, Insurance sector is seeing the growth. In recent times, the awareness for insurance among the millennial population is steadily growing.