Faster claim processing

Timely claims are quintessential for customer retention

Insights

reduce the chances
of fraudulent activity

Rule-based

decision making​
with accurate data

Customer experience

speed up settlements
by improved customer service

Data handling

large volumes of structured
data by deriving insights​

Problem

Challenges with Manual Claim Processing

In the realm of insurance, the efficiency of claim processing directly impacts customer satisfaction and loyalty. However, several issues plague the current systems:

  • Slow Payment Process: Lengthy delays in compensation frustrate customers and disrupt operations.
  • Inefficiency from Lacking Information: Verification hurdles due to unreliable data slow down claim approval.
  • Operational Downtime: The need to halt operations until claim resolution exacerbates customer losses.
Solution

Streamlined Claim Processing with IoT Data

Data Driven X is revolutionizing claim processing by leveraging IoT data directly from assets, offering a robust solution to the today’s and tomorrow’s challenges:

  • Faster Workflow: IoT data accelerates claim verification and approval, reducing processing time significantly.
  • Reliable Data for Quick Decisions: Accurate, up-to-date IoT data streamlines decision-making, eliminating lengthy verifications.
  • Quick Resolution: Automated processing allows for swift operational restart, minimizing business interruption.