Damco’s Insurance Machine Learning solutions help insurers combine the power of technology, data, and people. Machine Learning Health Insurance and Predictive Modeling combined with other new-age technologies present the opportunity for digital transformation and business process optimization leading to improved customer experience and competitive edge.
Machine Learning insurance claims techniques and methodologies aid claims support through process improvement and automation, which improves service quality and policyholder experience while decreasing cost and processing time.
Machine Learning insurance underwriting techniques account for data-backed decisions that help personalize policies and calculate risk accurately to minimize the possibility of default.
By using multiple techniques, machine learning in insurance can help detect fraudulent activity, suspicious links, and subtle behavior patterns to recognize fraud schemes that were not noticed before.
Data analysis through machine learning in insurance provides a systematic approach to risk information that assures the prediction of risk and limits it to the minimum in order to cut losses.
Offer your customers highly personalized and relevant information with the help of advanced analytics extracting insights from a vast amount of data.
Perform price optimization of proposed premiums on prospective policyholders by using Machine learning algorithms and techniques.
Boost your sales and distribution by using machine learning along the Insurance Value Chain to enable intelligent customer engagement, lead allocation for agents, insights to support customer segmentation, automated demand analysis, and more.
ML algorithms assess and check for errors present in information on the system in a substantially shorter amount of time than it would take for an underwriter to do the job.
Dedicated Practice to deliver services and solutions for Insurance businesses.
1100+ person-years of experience in delivering Insurance technology services.
100+ Insurance projects delivered globally, 60+ Insurance Customers.
30+ installations of InsureEdge – a complete technology platform.
Strong experience in multiple lines of business covering Life, Health & General Insurance.
Strong technology expertise in Microsoft, Open Source, Oracle, Salesforce, IBM, Cloud & Mobility.
Capabilities in cutting-edge technologies – IoT, AI, Machine Learning.
Global Presence with resource availability in USA, UK, Luxembourg, Australia & Caribbean islands.