{"id":11470,"date":"2020-12-07T06:27:16","date_gmt":"2020-12-07T05:27:16","guid":{"rendered":"http:\/\/simplifai-new\/?p=11470"},"modified":"2023-09-28T13:06:46","modified_gmt":"2023-09-28T13:06:46","slug":"ai-for-insurance-industry","status":"publish","type":"post","link":"https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/2020\/12\/07\/ai-for-insurance-industry\/","title":{"rendered":"AI for Insurance Industry"},"content":{"rendered":"\t<div class=\"simplifai-post-intro wp-block-simplifai-post-intro\">\n\t\t<div class=\"simplifai-post-intro__inner\">\n\t\t\t<div class=\"simplifai-post-intro__meta\">\n\t\t\t\t\t\t\t\t\t<div class=\"simplifai-post-intro__meta-date\">\n\t\t\t\t\t\t7. December 2020\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"simplifai-post-intro__meta-terms\">\n\t\t\t\t\t<li class=\"simplifai-post-intro__meta-term\"><a href=\"https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/category\/artificial-intelligence-and-tech\/\" class=\"simplifai-post-intro__category\">Artificial Intelligence &amp; Tech<\/a><\/li><li class=\"simplifai-post-intro__meta-term\"><a href=\"https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/category\/artificial-intelligence\/\" class=\"simplifai-post-intro__category\">Artificial Intelligence and tech<\/a><\/li><li class=\"simplifai-post-intro__meta-term\"><a href=\"https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/category\/blog\/\" class=\"simplifai-post-intro__category\">Blog<\/a><\/li><li class=\"simplifai-post-intro__meta-term\"><a href=\"https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/category\/insurance\/\" class=\"simplifai-post-intro__category\">Insurance<\/a><\/li>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<h1 class=\"alignwide wp-block-post-title\">AI for Insurance Industry<\/h1><div class=\"wp-block-post-excerpt\"><p class=\"wp-block-post-excerpt__excerpt\">AI programming that can think and learn like a human has become a trendy expression in the Insurance business. Today for the Insurance domain, AI for Insurance industry can perform explicit assignments \u2014 like checking an insurance claim for fraud. However, people today or in the future will be fit for tackling complex issues and&#8230; <\/p><\/div><div class=\"simplifai-byline alignwide wp-block-simplifai-byline\">\n\t\t\t\t<div class=\"simplifai-byline__inner\">\n\t\t\t\t\t<p class=\"simplifai-byline__text\">\n\t\t\t\t\t\t <span class=\"words_by\">Words by<\/span> Gaurav Athavale\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"simplifai-byline__share\">\n\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?url=https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/2020\/12\/07\/ai-for-insurance-industry\/\" class=\"simplifai-byline__share-btn twitter\" onclick=\"window.open(this.href, &#039;_blank&#039;, &#039;width=550,height=450,toolbar=no,location=no,resizable=yes,scrollbars=yes&#039;);return false;\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\" height=\"16\" width=\"16\" class=\"t2-icon simplifai-byline__share-icon\" aria-hidden=\"true\" focusable=\"false\"><path fill=\"none\" d=\"M8.00009 5.50017C8.00009 4.12517 9.15634 2.98142 10.5313 3.00017C11.0129 3.00573 11.4826 3.15024 11.8839 3.41634C12.2853 3.68244 12.6013 4.05879 12.7938 4.50017H15.0001L12.9813 6.51892C12.8511 8.54677 11.9534 10.4489 10.4708 11.8386C8.98828 13.2283 7.03213 14.0012 5.00009 14.0002C3.00009 14.0002 2.50009 13.2502 2.50009 13.2502C2.50009 13.2502 4.50009 12.5002 5.50009 11.0002C5.50009 11.0002 1.50009 9.00017 2.50009 3.50017C2.50009 3.50017 5.00009 6.00017 8.00009 6.50017V5.50017Z\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/a><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/2020\/12\/07\/ai-for-insurance-industry\/\" class=\"simplifai-byline__share-btn facebook\" onclick=\"window.open(this.href, &#039;_blank&#039;, &#039;width=550,height=450,toolbar=no,location=no,resizable=yes,scrollbars=yes&#039;);return false;\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\" height=\"16\" width=\"16\" class=\"t2-icon simplifai-byline__share-icon\" aria-hidden=\"true\" focusable=\"false\"><path fill=\"none\" d=\"M8 14.0002C11.3137 14.0002 14 11.3139 14 8.00018C14 4.68647 11.3137 2.00018 8 2.00018C4.68629 2.00018 2 4.68647 2 8.00018C2 11.3139 4.68629 14.0002 8 14.0002Z\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M10.5 5.5002H9.50001C9.3028 5.49937 9.10737 5.5376 8.92501 5.61269C8.74265 5.68778 8.57696 5.79824 8.43751 5.93769C8.29806 6.07715 8.1876 6.24283 8.11251 6.42519C8.03742 6.60756 7.99919 6.80298 8.00001 7.0002V14.0002\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M6 9.00018H10\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><\/a><a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=https:\/\/simplifai.dev07.dekodes.no\/wp\/blog\/2020\/12\/07\/ai-for-insurance-industry\/\" class=\"simplifai-byline__share-btn linkedIn\" onclick=\"window.open(this.href, &#039;_blank&#039;, &#039;width=550,height=450,toolbar=no,location=no,resizable=yes,scrollbars=yes&#039;);return false;\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\" height=\"16\" width=\"16\" class=\"t2-icon simplifai-byline__share-icon\" aria-hidden=\"true\" focusable=\"false\"><path fill=\"none\" d=\"M13.25 2.25018H2.75C2.47386 2.25018 2.25 2.47404 2.25 2.75018V13.2502C2.25 13.5263 2.47386 13.7502 2.75 13.7502H13.25C13.5261 13.7502 13.75 13.5263 13.75 13.2502V2.75018C13.75 2.47404 13.5261 2.25018 13.25 2.25018Z\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M7.5 7.00018V11.0002\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M5.5 7.00018V11.0002\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M7.5 8.75018C7.5 8.28605 7.68437 7.84093 8.01256 7.51275C8.34075 7.18456 8.78587 7.00018 9.25 7.00018C9.71413 7.00018 10.1592 7.18456 10.4874 7.51275C10.8156 7.84093 11 8.28605 11 8.75018V11.0002\" stroke=\"#1C0E38\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><path fill=\"none\" d=\"M5.5 5.75018C5.91421 5.75018 6.25 5.4144 6.25 5.00018C6.25 4.58597 5.91421 4.25018 5.5 4.25018C5.08579 4.25018 4.75 4.58597 4.75 5.00018C4.75 5.4144 5.08579 5.75018 5.5 5.75018Z\" fill=\"#1C0E38\"\/><\/svg><\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\t\t<\/div>\n\t<\/div>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">AI programming that can think and learn like a human has become a trendy expression in the Insurance business. Today for the Insurance domain, AI for Insurance industry can perform explicit assignments \u2014 like checking an insurance claim for fraud. However, people today or in the future will be fit for tackling complex issues and making decisions.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Artificial Intelligence will transform the Insurance Industry significantly in the future. Insurers are looking at AI, which will assist various stakeholders in the process, such as employees and agents, and brokers, to uplift customer satisfaction. With automated processes and faster processing of claims, the customer experience will definitely be heightened.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">From a business point of view, AI in Insurance can help automate work processes efficiently with lower error margins, prompting lower costs and saved time.&nbsp;&nbsp;<\/span><\/p>\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: bold\">AI for Insurance Industry<\/span><\/h2>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Insurance, which uses bunches of information and redundant cycles, has been an early adopter of AI. There are many instances of how insurers worldwide are executing AI to improve their primary concern in areas of claims management, fraud detection, and customer experience.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">From a business point of view, AI can help the Insurance industry in operations by automating tasks quicker, less expensive, and more exact way.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Artificial intelligence can likewise be leveraged to comprehend clients better \u2014 organizations can utilize AI to analyze the data they have on clients to foresee client behavior, get preferences, and improve cost and products offered.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">AI for Insurance industry can mainly impact in:&nbsp;<\/span><\/p>\n\n<ul class=\"wp-block-list\"><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"28\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Speeding&nbsp;up&nbsp;claims processing&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"28\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Delivering&nbsp;excellent&nbsp;customer Service&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"28\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Fraud prevention with early fraud detection&nbsp;<\/span><\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Thus, AI for Insurance industry can possibly change the experience for clients from disappointing and administrative to something quick, on-demand, and more moderate. Customized Insurance products will draw in more clients at more pleasant costs.&nbsp;&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">AI in claims management can redefine the repetitive tasks with shorter turn around times in settlements to increase customer satisfaction. With a better analysis of customer behaviors, insurers will be able to offer more flexible insurance and premiums that adapt to customer needs.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">In the coming years, we will see Insurance become more&nbsp;customized, in the fact that insurers utilizing AI tech will have the option to see better what their clients need. Insurers will be able to see cost savings by accelerating work processes.&nbsp;&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">&nbsp;<\/span><span style=\"font-weight: bold\">Areas where AI can contribute&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">AI is an innovation that empowers computer systems to achieve tasks that ordinarily require a human\u2019s intelligent behavior. For example, a solution that does data gathering, data analysis, and decision making can end up changing the insurance industry.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">The common pain points&nbsp;faced&nbsp;by the Insurance business are:&nbsp;<\/span><\/p>\n\n<ul class=\"wp-block-list\"><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"27\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Ensuring quicker claim support&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"27\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Detecting frauds and rejecting false claims&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"27\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Customer Analysis&nbsp;for&nbsp;tailored&nbsp;insurance&nbsp;<\/span><\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: bold\">&nbsp;Claims Management:<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Today&nbsp;AI &amp;&nbsp;Intelligent process automation&nbsp;solutions such as Simplifai\u2019s&nbsp;Digital Employee&nbsp;Chris&nbsp;for&nbsp;claims coordination&nbsp;can&nbsp;classify&nbsp;the claim, catch the damage, update the system&nbsp;as well as&nbsp;check the claim\u2019s legitimacy. They can even interact with&nbsp;the client without the client expected to visit an actual office. This arrangement is&nbsp;most&nbsp;applicable post \u2013&nbsp;COVID&nbsp;19, where the focus has moved to digital transactions.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Simplifai\u2019s&nbsp;Digital Employee,&nbsp;<a style=\"font-weight: bold;color: #143753;text-decoration: underline\" href=\"http:\/\/simplifai-new\/en\/digital-employees-for-insurance\/#top\">Chris the&nbsp;Claims Coordinator<\/a>, can, for example:&nbsp;<\/span><\/p>\n\n<ul class=\"wp-block-list\"><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Receive claims by chat, email, or portal&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Interpret content and intention&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Use rules to decide the course of action.&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Categorize claims based on type and topic&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Handle and archive claims documents&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Validate customer&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span style=\"color: #143753\">Retrieve data, register and update internal systems&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span style=\"color: #143753\">Verify policy details&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Request for additional information&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Forward inquiry to relevant stakeholders&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Alert damage control&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"26\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span style=\"color: #143753\">Reply to sender&nbsp;<\/span><\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">This is the best case of how claims with standard documentation can minimize human efforts and can be looked into by bots, subsequently saving money on the labor force for Insurance giants and convey instant client help.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: bold\">Fraud Detection:&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Fraud management has been painful for the Insurance industry. AI can reveal correlations and examples already undetectable to the human eye, making it valuable for recognizing fraudulent behavior.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">&nbsp;How can AI for insurance industry help in Fraud Detection?<\/span><\/p>\n\n<ul class=\"wp-block-list\"><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"25\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Fraud detection with AI assists to complete data analysis in practically no time. It detects complex patterns in the most efficient way, which can be difficult for the human eye to recognize.&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"25\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Artificial intelligence can likewise be utilized to constantly monitor employee and client conduct to search for patterns showing large-scale fraud. A client making odd claims or a debt-ridden employee making large financial transactions \u2013 these are potential warning that AI can feature for further investigation.&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"25\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span style=\"color: #143753\">Insurance companies may likewise utilize visual analytics to survey auto or property damages based on pictures and recordings.&nbsp;<\/span><\/li><li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"25\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span style=\"color: #143753\">Comparing new claims with the existing data, AI in the insurance industry can help identify unusually high and most likely fake claims.&nbsp;<\/span><\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: bold\">Customer Analysis:&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">We are all aware that insurers are dealing with an enormous amount of unstructured client data. AI&nbsp; for insurance industry can utilize this very data to make more important showcasing material, offer customized service, and sell the correct product to the correct client through proper focusing and profiling.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">How can AI help in tailored&nbsp;insurance:&nbsp;<\/span><\/p>\n\n<ul class=\"wp-block-list\"><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Tailor-made insurance will attract more customers at fairer prices.&nbsp;<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span style=\"color: #143753\">Flexible insurance such as on-demand pay-as-you-go insurance&nbsp;<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span style=\"color: #143753\">Offer more flexible insurance and premiums that adapt to customer needs.<\/span><\/li><\/ul>\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: bold\">The&nbsp;future of AI in Insurance<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Today AI has become an integral part of our lives. Artificial intelligence began in client assistance, constantly refining AI algorithms have extended its applications to various perspectives, such as claim management, fraud detection, and risk assessment.&nbsp;&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Quoting&nbsp;<a style=\"font-weight: bold;color: #143753;text-decoration: underline\" href=\"https:\/\/www.mckinsey.com\/industries\/financial-services\/our-insights\/insurance-2030-the-impact-of-ai-on-the-future-of-insurance\">Mckinsey&nbsp;&amp; Company article<\/a>: Claims processing in 2030 remains a primary function of carriers, but headcount associated with claims is reduced by 70 to 90% compared with 2018 levels.4. Advanced algorithms handle initial claims routing, increasing efficiency and accuracy. Claims for personal lines and small-business insurance are largely automated, enabling carriers to achieve straight-through-processing rates of more than 90% and dramatically reducing claims processing times from days to hours or minutes.&nbsp;<\/span><\/p>\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #143753\">Want to know more about automating Claims Coordination? Read more about our Digital Employee <a style=\"font-weight: bold;color: #143753;text-decoration: underline\" href=\"http:\/\/simplifai-new\/en\/digital-employees-for-insurance\/#top\">Chris, the Claims Coordinator, here<\/a>.&nbsp;<\/span><\/p>\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n<h3 class=\"wp-block-heading\">Read More:<\/h3>\n\n<p class=\"wp-block-paragraph\"><a style=\"color: #143753;font-weight: bold;text-decoration: underline\" href=\"http:\/\/simplifai-new\/en\/blog\/the-why-what-and-how-of-ai\/\">The Why, What, and How of AI<\/a><\/p>\n\n<p class=\"wp-block-paragraph\"><a style=\"color: #143753;font-weight: bold;text-decoration: underline\" href=\"http:\/\/simplifai-new\/en\/news\/a-year-of-digital-employee\/\">A year of digital employee<\/a><\/p>\n\n<p class=\"wp-block-paragraph\"><a style=\"color: #143753;font-weight: bold;text-decoration: underline\" href=\"http:\/\/simplifai-new\/en\/news\/simplifai-emailbot-now-available-in-the-microsoft-azure-marketplace\/\">Simplifai Emailbot Now Available in the Microsoft Azure Marketplace<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI programming that can think and learn like a human has become a trendy expression in the Insurance business. Today for the Insurance domain, AI for Insurance industry can perform explicit assignments \u2014 like checking an insurance claim for fraud. However, people today or in the future will be fit for tackling complex issues and&#8230;<\/p>\n","protected":false},"author":9,"featured_media":11471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","event_date":""},"categories":[64,32,26,47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v20.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How AI is Reshaping\/Impacting the Insurance Industry<\/title>\n<meta name=\"description\" content=\"AI &amp;\u00a0Intelligent process automation\u00a0solutions such as Simplifai\u2019s\u00a0Digital Employee\u00a0Chris\u00a0for\u00a0claims coordination\u00a0can\u00a0classify\u00a0the claim, catch the damage, update the system\u00a0as well as\u00a0check the claim\u2019s legitimacy.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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