Reinforce value in the Insurance Value Chain in 2021

If we were waiting for a long paused radical change in the Insurance Landscape, it is happening now. With Data becoming the central powerhouse to all the business, it has also reinforced value in the insurance industry.

In the past three decades, we have generated enormous data, leading to valuable insight. But how much of this data is insurance companies using to harness information?

The early adoption of analytics and exploring the various ways of using machine learning and predictive modelling solve the business challenges across the insurance value chain. Thus it can become a game-changer for the future world.

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Table of Contents:
- Disruptive forces on Traditional Insurance Value Chain
- How AI/Ml is working in the insurance value chain?
- AI incorporated in Insurance Distribution
- ML and predictive modelling in enhancing the Underwriting Process
- AI and ML are changing the claim management process
- References
Summary:

Data is becoming the central powerhouse of the insurance industry. In the past three decades, we have generated humongous data, leading to valuable insight. But how much of it is used? This ebook expands your knowledge of the insurance value chain and provides an end-to-end solution to elevate the customer experience through advanced technologies.
Key Highlights:
- 30% increased accuracy in claim management
- 37% digital transformation happened in Insurance distribution
- 23% quoted insurance price seamlessly
- 15% accuracy increase in claim prioritization through predictive analytics