FF News | Fintech Finance’s Post

In today's digital-first world, policyholders demand more transparency, efficiency, and personalized service in insurance claims. Insurers are leveraging #AI and #dataanalytics to streamline processes, reduce fraud, and enhance customer satisfaction. At itel, we see firsthand how crucial speed and accuracy are in the #propertyclaims industry to meet homeowners' expectations. We see the huge need and advantages of integration and are working to be a leader in the claims ecosystem to drive partnership and streamlined workflows to support the evolving needs and wants of the stakeholders throughout the value chain. Read more from FinTech Global. #Insurtech #Innovation #Insurance #itel

ClaimSorted (YC S24) offers insurers a better way to handle claims by taking over claim operations. Using AI, ClaimSorted makes the process faster and more cost-effective. If you've ever submitted a claim and it took ages to get your money back, here's why: insurers outsource claims to agencies, known as Third Party Administrators (TPAs). Imagine a huge warehouse with thousands of people using pen and paper to process millions of claims—that’s why it's so slow. ClaimSorted is an AI-first TPA for insurance claims. They automate fraud checks, compliance, and claim decision-making, delivering payouts in minutes. Their AI is paired with a team of experts to ensure accuracy. Founders German Mikulski and Pavel G. previously built an insurance company and know the struggles of working with TPAs first-hand. With ClaimSorted, they want to make every claim a positive experience for customers and drive cost efficiencies for insurers. Learn more at https://lnkd.in/gQS-VJbt. Congrats German and Pavel on the launch!

Transform your insurance claims with AI! Learn how integrating technology can streamline processes, tackle fraud, and elevate customer experience despite integration challenges. #InsurTech #ClaimsInnovation #insurance #insurtech #technology https://lnkd.in/eMyd4kJ7

ClaimSorted is a perfect example of AI automating manual backoffice work. If you're handling large volumes of insurance claims, ClaimSorted can sort you out.

In 2024, insurance companies are at the forefront of digital transformation, leveraging cutting-edge technologies to reshape the industry landscape. As consumer expectations evolve and technology continues to advance, insurers are embracing innovative strategies to enhance efficiency, personalisation, and overall customer satisfaction. Read more here: https://lnkd.in/e7CebGP8 #FinTech #InsurTech #Insurance Scanbot SDK Jeremias Gilgenberg

As the end of 2023 draws near, Digital Insurance revisits our most read stories of the year. In January, Stephen Applebaum of Insurance Solutions Group and Alan Demers, CPCU, AIC of InsurTech Consulting spoke about the top six ways claims had transformed in the past two years. https://bit.ly/3tgZKob #Bestof2023 #insurtech #claims #telematics #AI #digitaltransformation #2023trends

FinTech Global reports how policyholders now expect transparency and efficiency in their #insurance claims, driving a shift towards #AI and #dataanalytics for better service. At itel, we understand how vital speed and accuracy are in #propertyclaims, helping to maintain trust and satisfaction. #Insurtech #nnovation #itel

Smart contracts are transforming the insurance industry by automating claims processing. These self-executing contracts streamline the entire process, reducing paperwork, minimizing human error, and ensuring faster payouts. When predefined conditions are met, claims are automatically verified and settled, providing greater transparency and trust between insurers and policyholders. This innovation enhances efficiency, cuts operational costs, and improves customer satisfaction, marking a significant leap toward a more responsive and tech-driven insurance landscape. https://lnkd.in/gcUQqKSU #SmartContracts #InsuranceTech #ClaimsAutomation #InsurTech #BlockchainInInsurance #AutomatedClaims #TechDrivenInsurance #FutureOfInsurance #DigitalInsurance #SmartInsurance #EfficientClaims #InsuranceInnovation #BlockchainTechnology #CustomerSatisfaction #TechInInsurance #ITBusinessNews

Successfully deploying 🚀 embedded insurance requires a seamless integration into the customer's purchase journey. Key tips include ensuring a smooth user experience with robust APIs, timely follow-ups that enhance trust, partnering with reliable merchants to minimize claims, exploring opportunities with small businesses, and ensuring fast, cloud-based systems to avoid delays. These strategies can enhance customer satisfaction and drive growth in the embedded insurance market. https://lnkd.in/d9HHRvKK #insurtech #innovation #fintech #insurance #api

40 Experts call on insurers to embrace once-in-a-generation opportunity to transform – or risk being left behind Commenting on the findings of the report, Tim Hardcastle, CEO & Co-Founder of INSTANDA, said: “Our report has shown that there’s far too much friction between the customer and insurer across the value chain. Insurers know this and want to do better, but a shift towards a more personalised customer experience requires flexible technology and processes, which is easier said than done. Many insurers struggle to keep pace, as the technology that brought them to this point, is now unable to serve them for tomorrow. Embracing change and innovation, especially in collaboration with insurtechs, helps overcome these problems and positions it for growth for the future." https://lnkd.in/e_7d9Ms6 Kevin Gaut Ben Snape Helen Williams Derek Hill #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance