Improved loss ratio, higher STP and full management control
The Claims Management Filter (or CMF) is a fully integrated, real-time software tool that applies predictive analysis and machine learning (AI) to benchmark and handle every insurance claim.
Advanced statistics and intelligent reports provide management with the tools to control costs and improve the quality of the claims process.
CMF uses AI to automate the decision-making process, greatly enhancing the control insurers have over claim handling. Every decision is traceable, and up to 70% of claims will be processed seamlessly and go ‘straight thru’ (STP). This frees up handlers to work on claims that require their attention. For example, claims that have been submitted but may be violating a business rule, or that appear statistically odd.
AI-power, fully integrated and up and running in weeks:
- Real-time benchmarking of all cost details of every claim
- Self-learning and always up to date with developments
- Proven to improve loss ratio and STP
- Statistics and intelligent reports give management full control