AI Solutions for Insurance Companies and Brokers
Boost Efficiency, Reduce Risk, and Enhance CX with AI-Powered Insurance Solutions
The insurance industry is under increasing pressure to cut costs, improve decision-making, and deliver faster, more accurate services. Legacy systems and manual processes often struggle to meet these demands. As a result, insurers, brokers, MGAs, and adjusters are turning to AI-based insurance solutions. These technologies help automate workflows, detect fraud early, enhance risk assessment, and personalize customer service.
Damco is a leading provider of AI-powered insurance solutions. Our AI solutions for insurance brokers, brokers, carriers, MGAs, and adjusters easily adopt advanced AI technologies. Our AI insurance solutions enable organizations to use their data better and modernize business operations. From underwriting and claims management to fraud detection and customer engagement, we help transform every aspect of the insurance value chain. With Damco, insurance businesses can accelerate digital transformation and drive sustainable, profitable growth.
Transform Insurance Operations with AI for Smarter, Faster Results
80%
Reduction in Claims Handling Time
85%
Reduction in Manual Work Across Claims, Policy & Underwriting
95%
Average Accuracy of Extracted Data
4X
Increase in Process Capacity
Damco’s Transformative AI Solutions for Insurance
Our AI solutions for insurance companies are layered with many facets—from Machine Learning (ML) and Natural Language Processing (NLP) to Robotic Process Automation (RPA)— and can help you provide better products and streamline claims, underwriting, policy administration, and customer-facing services. This lets you stay ahead of the competition while improving top-line revenue and reducing operational cost.
Some of our key AI-based insurance solutions include:
Document Processing (IDP) Solution for Core Operations
Reduce manual and cumbersome paperwork with our AI-powered, faster paper & digital documents processing solution. Extract and process complex and business-relevant data from unstructured insurance documents across claim triaging, validation, submission intake, quoting, and underwriting areas to achieve more productivity, cost reduction and enhanced CX.
Generative AI Solutions for Customer Service
Redefine customer interactions, strengthen relationships with your policy holders and reduce your cost-to-serve by deploying Generative AI (GenAI) solutions like Business GPT-powered chatbots to address simpler customer inquiries related to policy management and claims initiation.
Property Damage Estimation Solution for P&C Adjusters and Carriers
Get ML-powered solutions for accurate loss estimation reports in minutes. Enhance the claims experience of your policyholders following catastrophe events, drive faster claims settlements, and scale operations while reducing unnecessary rework and claims handling costs.
AI Fraud Detection and Monitoring Solutions for Claims
Automate your claims process with AI insurance solutions to reduce fraudulent claims and proactively identify high-risk customers and policyholders. Use NLP techniques to unearth suspicious patterns and unusual claims activities by analyzing huge volumes of claims documents.
Power Your Insurance Lifecycle with Intelligent Automation
Start Small, Start Smart with a Two-Week Insurance Automation Consulting Program
AI-Powered Successful Client Journeys
Insurance Claim Evaluation of Property Damage via AI-Based Image Analysis and Estimate Matrix
Damco helped a leading US-based independent insurance adjusting firm eliminate human errors in loss reports, increase the productivity of QA teams and improve customer experience with faster claims settlements.
Our AI Partners in Change
