Natural disasters are becoming increasingly frequent in the world. Each catastrophe creates mayhem and overloads the already burdened claims settlement process. Mohit Dilwaria argues that with AI-enabled claims settlement processes deployed at most insurance carriers it would be possible to make the process more efficient and help the survivors and the companies alike.
In part 1 of this blog, we discussed why subrogation is important and how effective subrogation positively impacts the company’s bottom…
Claims are requests to an insurance company for coverage or compensation for loss or damages caused by the peril insured…
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