Object recognition and artificial intelligence can help to simplify the claims process for both drivers and insurance companies. Still, is it that easy?
With robotics process automation, Switzerland's largest insurer has already digitized 48 app flows, while reducing some of its operational costs by 51%.
Paired with image classification models, TensorFlow can help to analyze satellite / aerial / street view imagery of buildings to deliver risk-related details of property.
Insurance is exposed to a variety of fraud schemes: from sharing an insurance plan after divorce to concealing medical diagnoses. How can blockchain help out?
Dealing with diamonds or metals is risky with paper-based certification. Placing certificates on a blockchain to prevent fraud may save insurers $50B annually.
Trusted networks can be used to diminish natural monopolies in supply chains. The result? Sped up transactions and streamlined processes—not just in finance.
