Exponential Insurance. Underwriting Redefined.
The real insurtech machine age is here. Smart Underwriting is a way forward for future of insurance companies.
Insurance companies facing the challenges in building new-gen platforms for policy underwriting, risk assessment, automation due to existing legacy systems and disconnected multiple platforms. AUSIS — Smart AI UW System is design for the same to help Insurers to redefine the FUTURE OF UNDERWRITING.
AUSIS: NEW AGE AI BASED SMART UNDERWRITING PLATFORM
CONNECTED PLATFORM FOR INTELLIGENT DATA DRIVEN DECISION MAKING WITH LESS RISK, FRAUD AND TIME.
New Age Tech for Insurance risk assessment
Redefining Future
- Analyse over 10X data in 1/10th the time
- Channelise human effort to higher value tasks
- Enhance underwriting decision consistency and accuracy
- Significantly improve risk assessment and reduce frauds and early claims
- Take a holistic view of all data (physical, digital, past trends and external data)
- Get value added insights for the underwriter to assess risks better
A Game Changer for Insurer. Future of Underwriting. Transform Risk Assessment Using Smart-tech
Self Decision Making & Learning.
- Powerful Automated underwriting platform (version 3.0 in production) that provides 360 degree view to underwriter along with underwriting decision recommendation with scores and detailed insights
- Underwriting rule engine (first of its kind implemented in production) which provides the power to make real-time changes and agility required for the business
- Pre-trained models integrated with ICR/ OCR capability to digitize data from over 90 document classes
- Ability to fetch multiple public information through APIs to enrich digital data and improved risk assessment and underwriting decisions
AUSIS making an Impact to the Insurance Industry. Big Way.
NO-PHYSICAL ANYMORE: manage digitally
Powerful Use-cases.
- Handles over 1500+ insurance specific attributes
- Pre-trained models to recognise, process and digitise data from over 80 document classes
- Integrations with over 12 external APIs to enrich proposal data
- Enriched data is used for inbuilt Business Rule Engine and Underwriting recommendation using AI/ML models
- Over 15 different scores implemented in production to provide detailed insights into every new business proposal
- Highly configurable Business Rule Engine (ProdX) integrated to configure all underwriting guidelines to provide a rule based decision (With over 350 parameters, 200 rules and 2500 sub-rules already configured
- Go Live- 2–4 months depending on the number of integrations to be done.
Pre-Trained Artificial Intelligence & ML Based Risk, Decision & Fraud Models. FASTER GTM 2–3 Months to Go Live
- Online digital customer onboarding platform (agent assisted and customer self buy)- digitize onboarding journey with instant validations and decisions
- Predict health vitals from photographs or videos — critical for underwriting decisions, improve risk assessment for non-medical portfolio
- Face and signature matching — for stronger KYC, underwriting decision, fraud detection
- Digitisation and risk scoring of various financial documents, KYC and medical reports — for strengthening underwriting decisions, fraud prevention and improved business analytics capability
- Masking of Aadhar images real-time and legacy — for stronger regulatory compliance
- Digitisation of documents such as Death Certificates, NACH, various questionnaires, claims forms etc — for process efficiency, reduction in operating expenses
Integrated Platform for any Journey, Platform or core Systems 🚀 : 100% — Micro Services Based System
Experience with Multiple Core Insurance Platforms like Ingenium, LifeAsia, AURA, OPUS, TCSBancs, INSTAB etc. 🚀 : 7+ different insurance systems
STP Improvement & Early Claims Detection🚀 : 40% Increasing STP & Reducing Fraud
Digitising Scanned, PDF & Handwritten Documents🚀 : Complete Patient Health App: 100+ Different Documents
GET AUSIS SMART AI UNDERWRITING PLATFORM DEMO.
Reach out to us: contact@artivatic.ai
Visit Website: https://artivatic.ai/
