Industrial Solution

Insurance

Reengineering Insurance with A3 (AI, Automation & Analytics) 

Gen AI operational improvements

Evanke spearheads the integration of A3 capabilities in insurance, offering cutting-edge, enterprise-ready AI solutions from day one. Our commitment to human-in-the-loop decision-making ensures responsible and ethical AI deployment.

Transforming Claims Processing

  • Accelerated Settlements: Utilizing A3 capabilities, including GenAI, Evanke helps insurance firms  to rapidly identify and prioritize claims, speeding up settlements and reducing liabilities​​. 
  • Fraud Identification: Our solutions proactively identify potential fraud related to insurance claims – e.g., first / second / third party fraud in auto claims, using advanced analytics to ensure error free and accurate claims processing​​. 
  • Policy Analysis and Management: Our solutions interpret insurance policies and state laws, applying them to claims for accurate processing. 

Litigation Support

  • Case Intelligence: Unlocks insights buried deep within archived insurance case documents, federal / state / county / city case laws, court records, past claims, insurance policies and third-party data etc. to train ML models that eventually help predict outcomes for new insurance cases, find similar cases from history and uses case precedence to support justifications & recommendations within legal life cycle workflows. 

Customer Engagement

  • Customer Operation for Enhanced Customer Experience: GenAI empowers insurers to offer enhanced value to customers in each of their interactions for operational needs – e.g., policy renewal, asset valuations and coverage estimation, customer education of new product offerings etc​​. 

Litigation Support

  • Case Intelligence: Unlocks insights buried deep within archived insurance case documents, federal / state / county / city case laws, court records, past claims, insurance policies and third-party data etc. to train ML models that eventually help predict outcomes for new insurance cases, find similar cases from history and uses case precedence to support justifications & recommendations within legal life cycle workflows. 

Re-envisioning Underwriting

  • Continuous Risk Evaluation: Leveraging A3 Reinforcement Learning capabilities, Evanke’s tools analyze vast claims data from the past to mitigate future underwriting risks, enable  competitive risk adjusted pricing, target low risk customers,  cross sell / upsell of complimentary insurance products.  

Planning, Policy & Communications

  • Creative Aid: Evanke’s A3 GenAI capabilities aid in drafting official, standardized or customized communications – e.g., targeting customer acquisition, plan of actions when a claim is filed e.g., customized treatment plans and liability forecasting in workers comp., and policy implementations – e.g., settling reimbursements and covering losses based on individual policy limits etc., thereby accelerating the process to creatively transforming P&C  insurance and reducing time-to-value 

Analytics Driving Decisions​

Data-Driven Success

At the heart of our approach lies robust analytics. We turn data into insights, insights into actions. Whether it’s enhancing customer service strategies or tailoring marketing campaigns, our analytics drive results.

Industry-Specific Insights​

Each industry is unique, and so are our analytics solutions. Tailored to meet your specific needs, our analytics tools provide deep insights to drive your strategic decisions. Prefer Evanke – our products not only improve your business operations, but your sales as well.

Checkout Our Products

Unlock the Future with AI in Insurance

By integrating AI into your insurance services, you can transform the customer experience, optimize processes, and drive innovation. From personalized policy recommendations to advanced risk assessment and fraud detection, AI is the key to unlocking your company’s full potential and staying competitive in a rapidly evolving industry.

Contact us today to learn more about how AI can transform your Insurance services business!

Join us at Evanke, where the future is not just automated; it’s intelligent, insightful, and infinitely exciting. Experience the power of A3 – AI, Automation, and Analytics – and see how we’re not just part of the change; we’re leading it. Join our vision of enabling AI-enabled support for virtually every user journey. Discover the Evanke advantage today! Click here to learn more about Evanke’s products.

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