Insurance 2030: AI Accelerating The Change

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Insurance is changing its way for digital process through innovation. By 2030, it will take seconds to get insurance cover & premium. With use of AI, ML, Deeptech etc. Insurance will no more use legacy systems in future.

Saúde

Layak Singh
Founder & CEO
ARTIVATIC INSURANCE 2030:
AI ACCELERATING
THE CHANGE

Insurance Shift: From ‘Fear’ to ‘Feel Secure’
Complexity On the Fly
Traditional Processes Digital
Lump Sum Byte Sized | Usages Based
Slab Table Personalized
Agent Self
Physical Voice & Video
Data Value
Technologies are driving the change: AI, IoT & Blockchain

Imagine the Future of Insurance: Technology
Enabling Carriers for Uninsured & Underinsured
Alternative
Data
Dynamic
Underwriting
Usages Based
Premium
Satellite, AQI,
Weather,
Telematics
Risk & Fraud
Intelligence
Digital Claims

AI Trends Shaping Insurance: 2030
Explosion of data from connected devices
Medical devices, home appliances, eyewear etc.
Increased prevalence of physical robots
Autonomous vehicles, surgical robots etc.
Open Source & Data Ecosystems
Open source protocol will emerge for sharing data – auto, home,
medical through consumer device manufactures
Advances in Cognitive Technologies
Neural networks, engagement techniques using ML etc.
Distribution
Purchasing insurance with less active
involvement.
Underwriting & Pricing
Granular insights for few seconds decisions with
personalized prices.
Claims
>90% reduction in manual processes with
reduced risk, time & cost.
TRENDS IMPACT

4 Core Elements for Successful AI Strategy
for Insurance Carriers

Thank You!
Artivatic AI Labs
Bangalore
layak@artivatic.ai

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Explore more at https://skyl.ai/form?p=start-trial About the webinar Insurance companies are looking at technology to solve complexity created by the presence of cumbersome processes and the presence of multiple entities like actuaries, support team and customers in the claim processing cycle. Today, a lot of insurance companies are opting for Machine Learning to simplify and automate the processes to reduce fraudulent claims, predict underwriting risks, improve customer relationship management. This automated insurance claim process can remove excessive human intervention or manual errors and can report the claim, capture damage, update the system and communicate with the customers by itself. This leads to an effortless process enabling clients to file their claims without much hassle. In this webinar, we will discuss how insurers are increasingly relying on machine learning to improve claim processing efficiency and increase ROI.

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1. Layak Singh Founder & CEO ARTIVATIC INSURANCE 2030: AI ACCELERATING THE CHANGE

2. Insurance Shift: From ‘Fear’ to ‘Feel Secure’ Complexity On the Fly Traditional Processes Digital Lump Sum Byte Sized | Usages Based Slab Table Personalized Agent Self Physical Voice & Video Data Value Technologies are driving the change: AI, IoT & Blockchain

3. Imagine the Future of Insurance: Technology Enabling Carriers for Uninsured & Underinsured Alternative Data Dynamic Underwriting Usages Based Premium Satellite, AQI, Weather, Telematics Risk & Fraud Intelligence Digital Claims

4. AI Trends Shaping Insurance: 2030 Explosion of data from connected devices Medical devices, home appliances, eyewear etc. Increased prevalence of physical robots Autonomous vehicles, surgical robots etc. Open Source & Data Ecosystems Open source protocol will emerge for sharing data – auto, home, medical through consumer device manufactures Advances in Cognitive Technologies Neural networks, engagement techniques using ML etc. Distribution Purchasing insurance with less active involvement. Underwriting & Pricing Granular insights for few seconds decisions with personalized prices. Claims >90% reduction in manual processes with reduced risk, time & cost. TRENDS IMPACT

5. 4 Core Elements for Successful AI Strategy for Insurance Carriers

6. Thank You! Artivatic AI Labs Bangalore layak@artivatic.ai

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