3 Ways Automation Can Impact Claims

INSURANCE NEXUS | July 14, 2017

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Their first solution is an AI-powered chatbot. This can make the claiming process as simple as messaging a friend or family member. So, first of all, claims can be seen from 2 sides: the side of the insurance policyholder, or that of the insurer. If you’re an insurer, you must ensure all claims are clear and non-fraudulent. You also need an effective “loss ratio” in place. In other words, there must be more money going in through customer premiums than money going out via claims to break even and avoid bankruptcy. Whereas if you’re an insurance policyholder, you’ll be making a personal claim if something happens to you. Let’s say, you’ve had a car accident, and you’re about to have the “moment of truth”.

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eFinancial

eFinancial is making it faster, easier, and more affordable for everyday Americans get life insurance coverage. Founded in 2001, eFinancial is an online and call center-based insurance agency that makes buying life insurance more convenient than traditional face-to-face options. Today, consumers can get the personal coverage they need from the convenience of their home, office or even on the go.

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Spotlight

eFinancial

eFinancial is making it faster, easier, and more affordable for everyday Americans get life insurance coverage. Founded in 2001, eFinancial is an online and call center-based insurance agency that makes buying life insurance more convenient than traditional face-to-face options. Today, consumers can get the personal coverage they need from the convenience of their home, office or even on the go.

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