ABBYY
Digital Transformation in Insurance Claims Management
Pages
5
Time to read
6 mins
Publication
Language
English
Pages
5
Time to read
6 mins
Publication
Language
English
This white paper discusses the challenges and strategies associated with digital transformation in insurance claims departments. It outlines the importance of enhancing claims services through automation, artificial intelligence (AI), and machine learning to improve the speed and accuracy of claims processing. The paper emphasizes the need for insurers to communicate the benefits of new technologies to claims handlers and clients to ensure successful implementation. It details the transformation journey of Axa UK, which includes leveraging a new platform and analytics models to facilitate decision-making. The document also highlights the necessity of cultural change within organizations, focusing on upskilling claims handlers and fostering collaboration with suppliers. Additionally, it addresses the balance between automated self-service options and the need for personal interaction in claims handling, particularly in sensitive situations. The paper concludes with insights on the future demand for skills in innovation and customer service as AI continues to evolve in the insurance industry.