AI IN ACTION | INSURANCE

The insurance industry, perhaps more than any other, is awash with data. Such abundance along with evolving expectations of customers expecting frictionless, on-demand services brings challenges but also significant opportunities.

Speedier claims processing, improved broad-spectrum as well as targeted fraud detection, machine-learning assisted damage assessment and enhanced underwriting accuracy are just some of the advances enabled when AI assists with the heavy lifting. With established methodologies Cognizant is helping this data-rich sector make full use of its assets.