Widespread innovation and rising customer expectations have created a seismic technology shift in the insurance industry. Insurers are redefining their operational processes to streamline and automate workflows, effectively eliminating manual inputs and workarounds in claims management. To seize this opportunity, insurance leaders are embracing digitization in the form of Intelligent automation to transform claims operations. It has helped insurers to transcend conventional performance trade-offs and achieve unprecedented levels of efficiency and quality.
From traditional outmoded business model to adoption of emerging technologies, the insurance industry has seen it all.
AI is one such technology that has played a huge role in reducing manual tasks, and lowering operational costs significantly.
omni:us provides an AI-based cognitive claims management solution to drive and shape the digital transformation for a global insurance clientele. Through modern functionalities like data-driven AI models, cognitive information processing, and intelligent automation, omni:us simplifies claims handling lifecycle.
Damco’s partnership with omni:us is focused on bringing this transformative change to the insurance industry allowing carriers to embrace digitalization, speed up the claims process, and offer vastly improved services to their customers.
Team up with a company that nurtures both deep insurance experience and the flexibility of an innovative start-up to transform operations with the use of AI in claims processing. This ultimately improves productivity, operational efficiency, and customer experience.
Digital FNOL
Real-time conversion of first notice of loss (FNOL) information into actionable claims data.
Claims Indexation
AI cognitive process that streamlines document extraction and classification by reading, interpreting, and understanding data.
Completeness & Coverage Checks
Rapid verification of completeness of claim and the extent of the relevant policy’s coverage.
Deploy AI in claims management lifecycle—without costly integration or complexities. We strategize and implement automation in complex operational changes to keep pace with the evolving market.
97%
accuracy in classifying documents while assessing claims
88%
automation rate in the claims intake process, achieving immediate operational efficiency
25-35%
reduction in claims costs as a result of AI enabled claims decisions
Insurance Domain Expertise
Our deep domain expertise helps insurers redefine insurance business models by improving their core operations, developing new revenue sources, and pivoting to thrive in a dynamic future.
Insurance Products
With our rapid deployable solution InsureEdge and other custom solutions like BrokerEdge, InsureGo, InsureCRM, we help enterprises infuse deep functionality and adaptive cloud infrastructure to reinvent and scale up their processes.
Full Spectrum of Insurance Services
Damco offers a complete range of services from strategic consulting, to development, implementation, integration, and ongoing managed services.
Emerging Tech
Our highly specialized resources investigate and apply futuristic technologies such as Artificial Intelligence, Deep Learning, Blockchain, and IoT.
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