Insurance

Maximize efficiency by streamlining claims processing, detecting fraud, automating operations, and targeting marketing efforts

Manage Risks

Identify potential risks and proactively forecast and mitigate losses while offering the best premiums

Detect Fraud

Automate repetitive tests, search for anomalies in transactions, and identify unusual activity 

Identify and Segment Clients

Target leads and gain detailed insights about customer's patterns and market trends

Optimize Operations

Process claims and applications and enhance operations across departments

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Processing Claims

  

A third party insurance administrator found that processing claims was one of the most costly operations they have. The process was also subject to human errors and inconsistent decision making.

Leveraging AI and RPA technology, Paragon Shift built an algorithm that scanned and settled common cases based on existing data, and transferred unique cases for human review.

The algorithm not only cut costs and time in processing claims, but also enabled employees to re-direct their efforts to more value-added tasks and eliminated human errors in decision making.

  

Problem

Mountain Cliff Hiker

Comfort X Design

 

Problem:   

A third party insurance administrator found that processing claims was one of the most costly operations they have. The process was also subject to human errors and inconsistent decision making.

Method: 

Leveraging AI and RPA technology, Paragon Shift built an algorithm that scanned and settled common cases based on existing data, and transferred unique cases for human review.

Business Value:

The algorithm not only cut costs and time in processing claims, but also enabled employees to re-direct their efforts to more value-added tasks and eliminated human errors in decision making.

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Transport In Style

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