AI-Powered Insurance Claims Automation

Blockchain-verified claims processing with AI fraud detection reducing processing time by 89%.

Major Insurance Corporation

7 months

Key Results

89%

Processing Time Reduction

84%

Fraud Loss Reduction

95%

Automation Rate

97.3%

Accuracy

The Challenge

A major insurance corporation processed 2M+ claims annually with average processing time of 45 days. Manual verification led to high operational costs, fraud losses of $180M yearly, and poor customer satisfaction due to delayed payouts.

Our Solution

We implemented an AI-driven claims processing system with blockchain verification. Computer vision analyzes damage photos, NLP processes claim descriptions, and smart contracts automate payouts for verified claims. All decisions are recorded immutably on blockchain.

The Results

Reduced average claim processing time from 45 days to 5 days, decreased fraud losses by 84%, and improved customer satisfaction scores by 67%. The system now processes 95% of claims automatically with 97.3% accuracy.