PRAXI.AI’s Post

As the insurance industry becomes increasingly data-driven, digital trust is the key to unlocking greater efficiency and meeting customer expectations. Digital trust is a linchpin for improving customer experiences and addressing underinsurance/uninsurance trends. Here's why it matters:   #insurance #AI #customerexperience

Check out this insightful article from Insurance Business America following the release of of latest research report "Customer Experience: The Claim Handler’s Perspective". 🚀 https://lnkd.in/eVUfvgTe Claims handlers are dealing with various challenges, including outdated technology, complex claims processes, and a lack of automation. These pain points hinder efficiency and impact customer satisfaction. Download our latest research report here: https://lnkd.in/ekADg55v #ClaimsHandling #Insurtech #AI #Innovation

As Business Unit Director in the insurance sector, it's crucial to stay updated on the latest IT innovations driving the industry forward. Data warehouses and machine learning algorithms are enabling insurers to make more informed decisions, optimize processes, and enhance customer experiences. By leveraging predictive analytics, insurers can identify cross-selling opportunities and improve customer retention rates, leading to potential revenue increases of up to 15% annually. Embracing these technologies strategically will be essential for insurers to thrive in an increasingly digital and competitive landscape. I encourage you to read the entire article! https://lnkd.in/dXsGSb45 #Insurtech #DigitalGrowth #MachineLearning

P&C insurers’ customer acquisition, customer retention and claims management are ripe for improvement using AI, writes Parijat Banerjee, global head of financial services, LatentView Analytics. “Insurers use multiple strategies to win customers, including building robust customer personas, marketing and advertising across channels, participating in digital marketplaces and partnerships, using referral programs, and implementing effective sales funnels,” he writes. “However, historically, it has been challenging to determine the effectiveness of channel use and campaigns. In addition, customer behavior is changing constantly.” https://bit.ly/3VQaDYk #insurtech #AI #PropertyandCasualty

Gen AI use-case forHealthcare Analytics: Read how #dvsum CADDI is enabling Health Insurance organizations (Payers) to query data in real time to focus on closing gaps in care, driving real time results, and enabling them to take more risk-based contracts and drive better STAR ratings. #genai #dvsum #dvsumcaddi #selfserviceanalytics

Our latest blog introducing our latest white paper. Big things on the horizon for PK & AI. #AI #insurance

🛡️In 2024, #ArtificialIntelligence is expected to transform every industry it touches, and #insurance is no exception. AI can improve the accuracy of risk assessments, increase customer satisfaction, simplify claims processing, and bring many other benefits... 🔵Our latest article delves into the amazing advantages and AI applications that are revolutionizing the insurance industry:👉 https://lnkd.in/dXnSz9Fs #insuranceinnovation #insurtech

How chat-powered AI helps insurance providers achieve in-the-moment insights https://zurl.co/Lag5 #genai #selfserviceanalytics #caddi #chatwithyourdata #dvsum #dataanalytics

Download the white paper here...

How chat-powered AI helps insurance providers achieve in-the-moment insights https://zurl.co/Lag5 #genai #selfserviceanalytics #caddi #chatwithyourdata #dvsum #dataanalytics