AI Startups
ai startups There are many startups working in AI implementation in insurance sector. AI Startups Fukoku Mutual Life—AI for claims data Based on Watson IBM, the programme can automatically retrieve all case-related medical data, mine them for important information, and auto-calculate correct pay-outs. An agent authorizes and distributes the payout. Outcomes? Post-adoption, staff productivity and pay-out accuracy increased by 30%. Each year, more insurance companies investigate using AI for their claims procedures, including Fukou Mutual Life. Lemonade Lemonade, an InsurTech business estimated at $3.9 billion in 2020, uses AI in insurance. The business uses big data analytics and machine intelligence to complete insurance assignments. They've undercut larger firms in pricing, client acquisition speed, customer experience, and engagement. Lemonade is a wholly digital and deadpan easy insurance buying procedure. ...