Machine learning is used to improve both the speed and accuracy of the amount forecast for individual claims. This can have meaningful impact on the efficiency of your claims triage process: claims more likely to be large and/or with more uncertainty in outcome can be given more attention sooner, and claims more likely to be smaller and/or more certain in outcome can be settled faster. These insights can improve not only your business results but also your customers’ experience.
Interested in using AI to automatically and accurately forecast claims? Contact us and lets dig in together.