Research & Reports

A Framework to Quantify Value Offered by AI Fraud Solutions

Written by Solomon Philip, James Tesdall & Alicia Holmes | Nov 13, 2023 7:48:00 PM

 

Artificial Intelligence for the Insurance Industry: How to Best Evaluate Solutions

AI is rapidly transforming the insurance industry. When applied to key processes across the policy and claims lifecycle, it has the power to change the status quo and add hard dollar benefits to the bottom-line. But not all AI solutions are created equal. Our in-depth guide outlines how to most effectively evaluate which insurance-industry AI solutions are best tailored to your unique needs and how to select the AI vendor that is right for you. 

From understanding AI’s impact on the Combined Ratio problem, to evaluating its dynamic value drivers and quantifying the impact on fraud detection, this piece delves into AI's pivotal role in optimizing operational efficiency, reducing costs, and enhancing overall business impact for insurance carriers. 

Discover how advanced AI solutions not only combat fraud but also drive customer experience improvements, ultimately reshaping the future of the insurance landscape. Download the full guide now.