Leveraging data is one of the most crucial components of reducing unnecessary expenditure, inefficiencies and potential leakages in claims handling. — More instances of claims leakage occur on valid claims than fraudulent ones. This is due to the manual processing of claims, which increases the odds of introducing inefficiencies. Inefficient claims triaging can lead to leakage snowballing into additional costs arising from delays in handling. Once claims caseloads stack up, adjusters…

Find out how clean data pipelines and a vertically integrated approach to ML can help develop robust AI capabilities faster and cheaper AI needs data pipelines to succeed. Using high-quality data collected over time is crucial for training accurate machine learning models. This is important because ML models are only…

By elevating their customer experience strategy to touchless claims processing, insurers can deliver flawless customer service, relieve the friction caused by unnecessary manual touchpoints, and provide the much-needed visibility through the claims process. Customers generally engage with their policy insurer only when they experience a loss and need to make…

· Roadzen’s mission is to transform the insurance experience for drivers around the world by giving them lower premiums, on-road safety and seamless claim processing. · Roadzen has built a pioneering technology platform that uses telematics, computer vision and artificial intelligence (“AI”) to transform the insurance value chain — across…

Automated car damage assessment simplifies inspections and underwriting by offering a seamless ecosystem that assesses value and risk profile in record time and delivers better underwriting. Automated vehicle assessment enables insurers to remotely inspect the condition of a vehicle through real time pictures and video from a mobile device and…

New-age fleet safety platforms can not only prevent accidents, but also offer data-driven actionable insights resulting in faster adoption of safety measures by drivers. A comprehensive fleet safety management solution needs a combination of cultural transformation along with deployment of latest technologies. While building of a safety culture within a…

With Roadzen products delivering real-time claims through computer vision and AI, insurers no longer need to wait for physical verification of a user request which extends and often delays the processing time of claims. …

Roadzen’s AI-powered claims management platform is making the entire claims journey faster, better, and transparent for the auto insurance user Auto insurance customers commonly complain of lengthy and delayed claims processing, more than denial of a claim. …

2020 saw a sharp increase in underwriting profits amid a reduction in driving that led to substantially fewer insurance claims in the pandemic year. But in 2021 as economies have recovered, competitive pricing forces and a return to historical claims frequency patterns are making this increased level of performance unsustainable. …