Quicker Insights, Better Decisions

AI in Insurance

Many of the tasks in the insurance industry, such as claims processing, underwriting, policy administration and customer service, are still being done manually. According to McKinsey, 25% of the insurance industry will be automated by 2025 thanks to AI and machine learning. Furthermore, AI will enable insurance companies to understand their clients in depth with the explosion of data from connected devices, resulting in new product categories and real-time service delivery. At TurinTech, we help insurers build AI at scale with minimum effort, increasing profitability whilst reducing risks.

USE CASES

Top AI use cases in Insurance

Insurers are embedding machine learning to optimise underwriting, automate claim processes, improve precise pricing, reduce loss ratios and maintain a competitive edge in the ever-growing marketplace.

Claim Management
  • Accelerate claim processing with more accurate results
  • Detect and prevent fraudulent claims to reduce cost
  • Optimise claims reserve to increase monetary value

Underwriting and Pricing
  • Precise risk segmentation to reduce loss ratio
  • Tailor premiums for more profitable and fairer pricing
  • Automate the underwriting process to increase efficiency

Customer Experience
  • Provide personalised product bundles for increased revenue
  • Automate call routing to reduce/redirect low value calls
  • Recommend the best offer for increased customer retention

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Read all Use Cases
TurinTech
Posted by TurinTech
November 18, 2021
Banking and Finance Fintech Healthcare Insights Insurance Use Cases

Fraud Detection

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TurinTech
Posted by TurinTech
November 18, 2021
Banking and Finance Fintech Insights Insurance Retail and Consumer Goods Use Cases

Customer Churn Prediction and Prevention

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TurinTech
Posted by TurinTech
November 18, 2021
Banking and Finance Fintech Insights Insurance Retail and Consumer Goods Use Cases

Supercharge Customer Complaints Management

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OUR PARTNER NETWORK

We are pleased to work with amazing partners

We worked with our partners to deliver ever more innovative, effective and successful solutions. Their support has been vital in achieving the new generation of AI.

Testimonials

What do companies
say about us?

“A first and essential step in doing this (deploy optimal ML in production) is to optimise ML models and integrate them using scalable production code into the rest of the IT stack. Companies like TurinTech are early pioneers offering this capability.”
Ed Stacey

Managing partner at IQ Capital, Forbes Contributor

“This partnership signals an exciting opportunity to combine the forces of TurinTech and Exasol to help more enterprises scale AI and unlock its full potential.”
Stuart Power

Partner Manager, UK & I at Exasol

“TurinTech’s state of the art technology is now using AI to improve the way software itself is actually crafted. This represents one of the first steps in the exponential impact that AI can have. In the context of cloud it will materially improve efficiency costs and running speeds”
Jason Kingdon

Chairman & Chief Executive Officer of Blue Prism