Artificial Intelligence and Insurance AI is intelligence exhibited by machines. A machine would be considered “intelligent” when it takes into consideration its environment and takes action to maximise the possibility of achieving its given goal. It is widely used when computer programmes are developed to have cognitive functions such as learning and problem solving. AI […]
Client Situation Legacy Policy administration systems (written in B and Assembly programs). Age old User Interface / green screens: Impacting the productivity. Data issues : Duplicate data entry. No single source of truth. Data collation and handling was painful. Manual Interventions and lack of seamless integration between systems. Business Objectives Provide intuitive User Interface and […]
Client Situation Constrained with legacy Policy administration systems catering to 14 LOBs. Agents were unhappy due to poor turnaround times, manual interventions and duplicate data entry. Client had diverse coverage types for Inland Marine which were not supported by Out-of-the-Box (OTB) by Guidewire. Business Objectives Ability to offer diverse coverages to it’s customers within Inland […]
Client Situation Constrained with legacy Policy administration systems catering to 14 LOBs. Agents were unhappy due to poor turnaround times, manual interventions and duplicate data entry. Client was losing out on ability to launch new products, expand to new markets as well as on operational costs. Business Objectives Enhance Agents experience by improving turn around […]