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Click to navigate InsurEngines solutions along insurance processes

Product Design and Implementation

  • Market analysis and benchmark
  • Product definition, covers, conditions, underwriting rules
  • Rating factors and tariff definition
  • Product implementation in AI Engines
  • Dynamic personalized tariff

Sales

  • Conversion algorithms to optimize purchase propensity
  • Product sandbox to improve marketing funnel
  • Mobile/Web app realization

Claims Management

  • ClaimsAI solution to classify claims and accelerate claims settlement with/without IoT telematics devices
  • Algorithms to optimize claims handling efficiency

Anti-Fraud

  • Anti fraud framework with/without IoT telematics
  • leveraging on AI, NLP, Image recognition, relation graphs

Actuarial reserving

  • Loss ratio / actuarial analytics
  • Reserve/IBNR prediction
  • Financial modeling calculation acceleration (10x improvement)
  • Product implementation in AI Engines
  • Dynamic personalized tariff

Renewals

  • Churn rate algorithms to predict the retentions
  • dynamic discount suggestions to retain good clients

Product and Analysis Engines Powered by AI and Linked via API

Product Engine Configure and implement products within clicks Flexible and Easy-to-use Analysis Engine Ready to process big data with AI algorithms Powerful and Effective Link to Analysis Engine with API Link to AI Algorithms with API Link to External Source with API Link to Web/Mobile App with API

Off-the-shelf and Tailor-made Products Verified by Renowned Insurance Players

Superior IoT Analytics and Integrated IoT Platform 10X Faster than Hadoop

Proven AI Analytics Excellence Collaborating with Multinational Enterprises

  • Insurance Predictive Models

    Combine insurance predictive modelling with modern machine-learning AI algorithms

    * Churn Rate Analysis - Prediction accuracy +11% vs. benchmark results of other participants.
    * Conversion Model - Be rewareded on monthly performance uplift.
    * Claim Reserves Prediction - Proven to respect more prudent reserving philosophy.
    * Vehicle Group Classifiction - Verified by client company's own multi-year efforts.
    * Anti-fraud Algorithms - More robust proprietary ML algorithms verified by the clients.

  • IoT Analytics

    Proven extensive knowledge of IoT sensors, both on firmware and software

    * Car Accident Reconstruction - Proprietary algorithms to calculate accident impact point and impact force, results verified to be more precises than device suppliers.
    * Car Accident Detection - Proprietary algorithms to detect whether a crash is a real accident, 3X accurate than competitors.
    * Car Accident Damage Estimation - Proprietary algorithms to estimate the damage (both physical damage and body injury) based on telematics crash data.
    * Telematics Driving Footprint Competition - Achieve prediction accuracy of 99.99%.
    * Other IoT devices - Behavior analytics from pet Smart Collar, Wearable device to Smart Home devices.

  • Natural Language Processing

    State-of-the-art algorithms customized for insurance handling from text-mining to text-generation.

    * Ultimate Claims Costs Prediction - Text-mining in extracting from descriptive notes.
    * Claims Status Evolvement Prediction - Automation in claims handling
    * Fraud Detection - Text-mining in building fraud relation graphs.
    * Fraud Prevention - Text-mining to extract features for underwriting usage.

  • Computer Vision Image Recognition

    Up to 80% of data stored by organisations is unstructured and a significant part of it is in image format of huge values.

    * Claims AI Solution - Speed up claim settlements by estimate automatically the damage costs by accident photos.
    * Medical Imagery - Explore usuage in health insurance.
    * Satellite Imagery - Explore usuage in agriculture, property, marine and weather insurance.
    * Drone Imagery - Explore usuage in agriculture, property and construction insurance.

Contact us

  •   TECH ENGINES
  •   info@insurengines.com
  •    Regus Firenze Liberta', Viale Giacomo Matteotti 15, Florence Italy, 50121.
  •   2A, Building 2, Xinzhuan Road 518, Shanghai China, 201612.
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