6 of the Top 10 Insurers are Improving Combined Ratios with Shift AI
Partnering with Shift can mitigate profitability challenges and deliver material improvements to combined ratios
A Path to Improve Combined Ratios with Shift AI
The combined ratio problem insurers are currently facing is not going away anytime soon. With Shift, insurers can improve profitability by applying AI to various processes throughout the policy and claims lifecycle. Shift’s AI-powered solutions have resulted in millions of impact dollars for P&C insurers.
AI Revolution in Insurance: To Build or to Buy?
The decision to build or buy a fraud detection system is a crucial one as there are essential factors insurers must consider. By carefully evaluating these factors and aligning them with your specific needs, carriers can make an informed decision that maximizes your fraud detection capabilities while optimizing resources and maintaining a competitive edge for your customers.
2023 SIU Claims Fraud Benchmark Report
Shift's SIU Claims Fraud Benchmark Report provides an examination of real world results in the use of advanced AI to fight insurance fraud in 2022. Many trends are driving SIU claims anti-fraud impact, from price and costs differences, to line of business structure. However, insurers using AI with advanced maturity are seeing accuracy and investigational efficiency that is driving substantial incremental savings.
