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Insurance

Responsive Intelligence Platform. Improved Insurance Solutions.

We partner with you to streamline operations, empower your employees & enable data-centric decisions.

Driving success in the Insurance industry

iLearningEngines offers a comprehensive risk management solution for the insurance industry, which drives outcomes at scale in all key functional areas – underwriting, claims, loss control, sales and customer service.

Applications

iLE eases data collection and data validation, integrating with third party TPA and Insurance systems seamlessly. This helps in optimizing the policy administration process. Our platform enables data collection across multiple data formats and transforms the insurance application process through event triggers and intelligent extraction of structured and unstructured data. It automates document-intensive operations, including processing of loss-run reports, analysis of statement of value reports, and explanations of evidence of insurability to customers.

Claims

iLE helps with automated processing that significantly reduces manual work to speed up claims processing. Claims processing rules can be set up to process large volumes of claims . Business rules can be set up to guard against fraudulent claims by comparing claims against customer profiles and histories. iLE’s AI models are able to auto extract data from texts like description, claim notes and more, and populate or validate claim details. Customer experience is also enhanced with immediate claim processing, protection against human error and pay-outs based on profiles.

Compliance

Business regulations and government rules change on a regular basis. Agents and employees working for Producers, TPAs, Insurers and Reinsurers are always scrambling for the latest regulation and changes in rules. iLE AI-enabled Knowledge Shelves keep operation teams updated on any regulatory changes in real time.They can auto-identify the impact of potential compliance exposures on key stakeholders and pull information directly from regulatory sites in real-time, eliminating routine manual compliance tasks which are prone to compliance breaches.

For Loss Control

iLE integrates with back-end Enterprise systems and consolidates data from training, incidents or claims and work load systems. Our risk assessment tools aggregate data, automate action plans to drive training and provide corrective actions to streamline reporting into one easy-to-use dashboard. Our Information Intelligence platform helps digitized reporting, reduces administrative tasks by over 60% and automates data transfers relevant to internal stakeholders and departments. We can also design individually tailored solutions for proactive loss mitigation efforts and benchmarking to show point-in-time trend analysis against self and peers.

iLE’s impact across the Insurance industry

%

reduction of costs with job automation

%

improvement in accuracy

%

faster rate of service delivery

%

increased business productivity

%

reduction in capacity overload

How iLE transforms the Insurance ecosystem

Streamlining all processes

iLE’s AI platform helps streamline risk identification processes. It offers crucial insights on opportunities and risks across any coverage or industry, thereby generating actionable insights for data-driven decision-making.

Leveraging all data streams

iLE's platform enables leveraging of internal data with newly-generated data to create a base of robust
insights and recommendations. It uses advanced analytics to expand user services, training and engagement.

Intelligent decision-making

iLE’s deep data sets and insights on engagement trends enable better risk identification and profiling. Our custom dashboards help identify areas of risk and drive preventative and predictive decision-making.

Enhancing the Insurance ecosystem

iLE's digital solutions support Insurance carriers, producers, agents, MGAs, MGUs & pools. Our robust cross-functional and process automation integrates data streams across clients and partners. This improves lifetime value for all policy holders, proactively reduces risks and lowers claims and associated costs.

Improving client acquisition and engagement

iLE’s digital platform assists improved acquisition rates with tailored value-added solutions, improving the lifetime value for policy holders. Our platform generates insights that drive better client risk profiles and help benchmark opportunities for cross-selling or upselling.

Helping Insurance Companies across the claims ecosystem

Case Study

Discover how iLE's AI-enabled platform helped empower the Insurance policies and processes of a Day Care business.

Our core capabilities

Learning Automation

Drive personalized learning in the flow of work and plug competency to performance gaps with in-process, real-time learning prescriptions embedded into organizational workflows.

Information Intelligence

Transform data into intelligence by drilling down to actionable insights and by powering informed decisions – through our AI embedded at multiple touch points across customer journeys.

Unlock your competitive advantage with iLE

For us, a Partnership is a Relationship

iLearningEngines has a strong Partner Program because we believe in fostering solid relationships. That is why our commitment to business empowerment includes partnering with Resellers, Integrators, Content Creators, Consultants and more. Our relationships with these companies have helped extend the reach of our technologies globally.