A year ago at re:Invent, Accenture and AWS announced a joint investment to accelerate cloud migration and industry differentiation for our customers. The increasing demand for commercial underwriting made insurance the obvious industry to pave the way.
At AWS re:Invent 2022, Anand Premsundar and I will talk about how innovation is changing experiences, processes and decision-making for the core insurance and claims functions.
Across the insurance industry, we are seeing major advances in the use of cloud and AI in claims – particularly in auto claims. IoT crash detection, APIs and intelligent solutions provide the speed that insurance customers want and enable the operational transformations and structural cost reductions that insurers need.
Underwriting is the next area where major changes are taking place. Many insurance processes are still highly manual, especially in industries that rely heavily on intermediary distribution through agents and brokers.
Workflows between insurance agents and underwriters typically involve manual PDF creation. Enabled with intelligent intake and automation tools, agents and underwriters can focus on generating revenue rather than losing time on administrative tasks.
Join us at re:Invent
Anand and I are excited to present at re:Invent and we hope you can join us either in person or virtually. Sign up to participate virtually.
Why use AI in insurance guarantees and claims?
Tuesday, November 29, 2022 | 17.00 Pacific Ocean | PRT271 – WYN – BOLLINGER
Accenture and AWS are building solutions that are innovative to transform experiences, processes and decision-making for the core underwriting and claims functions. Accenture delivers powerful, industry-contextualized solutions embedded in AWS services, unlocking new sources of value for customers, agents, brokers and carriers. In this session, learn how these co-developed solutions – all integrated into the insurer’s desktop – deliver value by accelerating cycle times, improving the digital experience and improving claims settlement accuracy. Also discover how these solutions can help carriers and brokers in every phase of the high-volume issuance channel, from intake and triage to prioritizing quotes based on propensity to profit.
Transforming claims and underwriting with AI: AI has emerged as the key differentiator in the insurance industry when applied alongside humans.
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Disclaimer: This content is provided for general information purposes and is not intended to be used as a substitute for consultation with our professional advisors.
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