The digitization of the Financial Services sector is taking different forms. The sector has recently been shaken up by Insurtech insurgents. Oriented toward rapid customer service, Insurtech companies are reinventing what Insurance will look like in the future.
Traditional insurers therefore need to reinvent themselves and face some familiar challenges in a new way: Reducing risk (detecting fraud, credit scoring), improving investment performance (refocusing human resources on high added value tasks), facing new competition in Insurtech, and reducing customer attrition by personalizing their offers even more.
These challenges are existential. They require a data-centric strategy and relevant Machine Learning solutions to identify precise and relevant insights.
Octopeek builds and delivers several machine learning models for the Insurance industry. As a financial services company deploys artificial intelligence solutions, outputs from one model become inputs for another. Take advantage of the solutions today.
Use cases in Insurance
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Enterprises need to move from ad-hoc experimentation with AI to enable everybody within the organization to use it to improve both operational efficiency and deliver business value. AI enables business functions to improve daily decision-making capabilities.
The collective intelligence of the organization takes an exponential leap forward.
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