Use Cases

Claims Automation

Boost Claims Processing with DeepOpinion's Generative AI for streamlined document processing, fast service, and reduced errors.

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Digital Insurance Agenda DIA Winner
Trusted by enterprises large and small
SIEMENS
BitPanda
Uelzener
Markel
Tirol
Dubai
Egger
UAE Ministry of Education

Key Takeaways: Claims

  • 65% Dark Processing Achievement: DeepOpinion significantly reduces manual intervention in claims intake, triage, and adjudication, as evidenced by a pet insurance case where traditional manual processing virtually disappeared.
  • 98.3% Document Layout Accuracy: A single DeepOpinion LLM model can process over 35,000 document layouts with exceptional accuracy, ensuring reliable claims processing across a wide variety of document types and structures.
  • Rapid Straight-Through Processing: DeepOpinion's advanced AI enables over 65% of claims to be processed straight through, enhancing operational efficiency and dramatically reducing the need for manual review.
  • Comprehensive Language Support: With support for over 100 languages in natural language understanding (NLU) and 50+ in intelligent document processing (IDP), DeepOpinion ensures global scalability and adaptability in claims processing.
  • Seamless Integration with Over 200+ Systems: DeepOpinion's robust API and integration capabilities allow for easy connection to RPAs, BPMs, databases, and more, ensuring a smooth and secure workflow within the existing insurance claims infrastructure.
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What is Claims automation?

Claims processing automation in the insurance industry represents a transformative approach to handling claims, from initial submission through to adjudication and payment. This process leverages advanced technologies, including AI, machine learning, and robotic process automation (RPA), to streamline and enhance the efficiency, accuracy, and speed of claims handling. Let's delve into the specifics of how automation revolutionizes each step of the claims process.

Initial Claim Submission

Automation begins the moment a claim is submitted. Traditional methods rely on manual data entry, leading to potential errors and delays. With automation, claims are immediately captured through digital means—whether via email, online forms, or mobile apps. AI algorithms then classify and sort these claims based on their complexity, urgency, and type, ensuring they're quickly directed to the appropriate processing channel.

Data Extraction and Verification

One of the most critical steps in claims processing is extracting data from submitted documents, which can include medical reports, repair estimates, or proof of loss forms. AI-powered document processing tools can interpret and extract relevant data from a wide range of document formats and layouts. This capability not only speeds up the process but also significantly reduces the chance of human error. Additionally, the system automatically verifies this information against policy details, flagging any discrepancies for review.

Triage and Assignment

Automated triage systems assess claims based on predefined rules and criteria, such as claim value, policyholder history, and the complexity of the claim. Based on this assessment, claims are automatically assigned to adjusters or claims handlers best suited to manage them. This ensures that simpler claims can be processed quickly and efficiently, while more complex cases are directed to staff with the appropriate expertise.

Fraud Detection

Fraud detection is a critical component of claims processing automation. By analyzing patterns in claim submissions and comparing them against vast databases of historical claims data, AI models can identify potential fraud with a high degree of accuracy. These systems can flag suspicious claims for further investigation, helping to prevent fraud and ensuring that legitimate claims are processed without undue delay.

Decision Making and Payment

Finally, automated systems can make adjudication decisions on straightforward claims without human intervention. For example, if a claim falls within certain parameters and all documentation checks out, the system can automatically approve the claim and initiate payment. This drastically reduces processing times and improves the customer experience. In more complex cases, the system provides adjusters with all the necessary information, analysis, and recommendations to make informed decisions more quickly.

Continuous Learning and Improvement

A key advantage of AI and machine learning in claims processing automation is the ability to learn and improve over time. As these systems process more claims, they become more efficient and accurate, continuously enhancing their ability to classify, process, and detect anomalies in claims.

By automating claims processing, insurance companies not only streamline operations but also enhance their ability to serve policyholders more effectively. This approach reduces processing times, lowers operational costs, and improves accuracy, all while delivering a superior customer experience. The adoption of claims processing automation signifies a major shift towards more agile, responsive, and efficient operations in the insurance industry.

Why use DeepOpinion for Claims automation?

DeepOpinion offers a groundbreaking approach to claims processing automation, addressing the insurance industry's unique challenges with its advanced AI capabilities. Here’s why DeepOpinion stands out:

  • Rapid Deployment & Model Versatility: DeepOpinion enables the creation of enterprise-grade AI applications in minutes, not months, bypassing the traditional barriers of time, financial, and technical resources. Its models can handle millions of document layouts with exceptional accuracy, offering a substantial improvement over conventional methods that rely on layout and position-based information.
  • Zero-Training Required & Continuous Learning: The platform's pre-trained models are operational immediately, providing both operational and maintenance advantages. These models continuously learn and improve, extracting even the most nuanced information from documents, a feat previously unachievable with traditional OCR and AI tools.
  • Global Variation & Language Support: DeepOpinion's AI can process documents in over 100 languages, handling 99% of global variation without the need for templates or extensive training datasets. This capability significantly reduces error rates by up to 20 times, offering a more reliable and efficient processing system.
  • Seamless System Integration & Scalability: DeepOpinion ensures easy integration with over 200+ systems, including RPAs, BPMs, and databases, facilitating a smooth workflow within the existing infrastructure. Its scalability and version control capabilities make it an ideal choice for large-scale operations, ensuring that any changes in AI models reflect instantly with no input/output lag.
  • Advanced Error Handling & Security: The platform offers robust error handling and security features, capable of processing high volumes of data without delay. It also enables the creation of multi-path AI workflows with detailed business logic and rules without coding, ensuring compliance and reducing reliance on predefined templates.

DeepOpinion's unique blend of generative and discriminative AI, combined with its no-code AI designer and pre-built apps, allows insurance companies to handle claims processing more efficiently and accurately, offering a significant competitive advantage in the industry.

Benefits of Claims automation

Automating claims processing with DeepOpinion introduces a myriad of benefits across various dimensions of the insurance industry, significantly impacting companies, employees, and customers alike, based on the insights gained from the provided document.

For the Company:

  • Operational Efficiency: DeepOpinion's AI-driven automation leads to a dramatic reduction in the time required to process claims. With capabilities like 65% dark processing, companies experience streamlined operations, translating into cost savings and increased productivity.
  • Accuracy and Compliance: Leveraging AI for claims processing enhances accuracy and ensures compliance with regulatory standards. DeepOpinion's model versatility and continuous learning capabilities mean that errors are significantly reduced, and the system stays up-to-date with the latest compliance requirements.
  • Innovative Competitive Edge: By adopting DeepOpinion, insurance companies position themselves at the forefront of innovation. The ability to handle a wide variety of document layouts and languages with high accuracy sets them apart from competitors.

For Employees:

  • Reduced Manual Workload: Automation reduces the manual, repetitive tasks traditionally associated with claims processing, freeing up employees to focus on more complex, value-added activities. This shift can lead to higher job satisfaction and reduced burnout.
  • Skill Development and Engagement: With DeepOpinion handling routine tasks, employees have the opportunity to engage in more strategic initiatives, such as improving customer service or developing new products, fostering a culture of innovation and continuous improvement.

For Customers:

  • Faster Claims Resolution: Automation speeds up the claims processing time, leading to quicker resolutions for customers. This improvement in service delivery enhances customer satisfaction and loyalty.
  • Improved Transparency and Communication: Automated systems can provide customers with real-time updates about the status of their claims, improving transparency and trust between the insurer and the insured.
  • Enhanced Accuracy and Fairness: The high accuracy rates achieved by DeepOpinion ensure that claims are processed fairly, based on the merits of the case, reducing the likelihood of errors that could negatively impact customers.

By addressing specific pain points in the claims processing workflow with its advanced AI capabilities, DeepOpinion not only streamlines operations but also fosters a more engaging work environment for employees and delivers superior service to customers, setting a new standard in the insurance industry.

Claims Processing Automation

"DeepOpinion's zero-touch processing is unbelievable—it's four times more efficient than anything else we've seen!"

Uelzener processed 7 of 10 claims with zero touches

In only 8 weeks, Uelzener's claims processing team went from overwhelmed, working nights and weekends, to touch-less processing.

97.2%
AI Accuracy
70%
Straight Through Processing
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Frequently asked questions

How does DeepOpinion handle the vast variety of document layouts and languages in claims processing?

DeepOpinion leverages a single Large Language Model (LLM) capable of processing over 35,000 document layouts with 98.3% accuracy, addressing the insurance industry's challenge of handling diverse and complex document types. This model versatility significantly reduces dependency on templates or extensive training datasets, ensuring efficient processing across global variations and supporting over 100 languages for natural language understanding (NLU) and 50+ in intelligent document processing (IDP).

Can DeepOpinion reduce the training and maintenance effort typically required for AI models in claims processing?

Yes, DeepOpinion's pre-built, domain-tuned generative LLMs utilize zero-shot capabilities, eliminating the need for large training datasets. This approach allows for rapid model deployment and scalability, with AI accuracy improvements through continuous learning. Moreover, DeepOpinion's AI models automatically adapt and improve, reducing the high training and maintenance costs associated with traditional AI solutions.

What makes DeepOpinion a more efficient solution for straight-through processing (STP) in claims automation compared to traditional methods?

DeepOpinion achieves over 65% of claims processed straight through, a testament to its efficiency in automating claims processing. This is facilitated by the platform's ability to handle 99% of global variation with one LLM and its reduction of error rates by up to 20 times compared to traditional OCR methods. Additionally, DeepOpinion's seamless system integration, scalable infrastructure, and continuous model improvement contribute to a substantial increase in operational efficiency and accuracy in claims processing.

Experience the difference
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What is Claims automation?

Claims processing automation in the insurance industry represents a transformative approach to handling claims, from initial submission through to adjudication and payment. This process leverages advanced technologies, including AI, machine learning, and robotic process automation (RPA), to streamline and enhance the efficiency, accuracy, and speed of claims handling. Let's delve into the specifics of how automation revolutionizes each step of the claims process.

Initial Claim Submission

Automation begins the moment a claim is submitted. Traditional methods rely on manual data entry, leading to potential errors and delays. With automation, claims are immediately captured through digital means—whether via email, online forms, or mobile apps. AI algorithms then classify and sort these claims based on their complexity, urgency, and type, ensuring they're quickly directed to the appropriate processing channel.

Data Extraction and Verification

One of the most critical steps in claims processing is extracting data from submitted documents, which can include medical reports, repair estimates, or proof of loss forms. AI-powered document processing tools can interpret and extract relevant data from a wide range of document formats and layouts. This capability not only speeds up the process but also significantly reduces the chance of human error. Additionally, the system automatically verifies this information against policy details, flagging any discrepancies for review.

Triage and Assignment

Automated triage systems assess claims based on predefined rules and criteria, such as claim value, policyholder history, and the complexity of the claim. Based on this assessment, claims are automatically assigned to adjusters or claims handlers best suited to manage them. This ensures that simpler claims can be processed quickly and efficiently, while more complex cases are directed to staff with the appropriate expertise.

Fraud Detection

Fraud detection is a critical component of claims processing automation. By analyzing patterns in claim submissions and comparing them against vast databases of historical claims data, AI models can identify potential fraud with a high degree of accuracy. These systems can flag suspicious claims for further investigation, helping to prevent fraud and ensuring that legitimate claims are processed without undue delay.

Decision Making and Payment

Finally, automated systems can make adjudication decisions on straightforward claims without human intervention. For example, if a claim falls within certain parameters and all documentation checks out, the system can automatically approve the claim and initiate payment. This drastically reduces processing times and improves the customer experience. In more complex cases, the system provides adjusters with all the necessary information, analysis, and recommendations to make informed decisions more quickly.

Continuous Learning and Improvement

A key advantage of AI and machine learning in claims processing automation is the ability to learn and improve over time. As these systems process more claims, they become more efficient and accurate, continuously enhancing their ability to classify, process, and detect anomalies in claims.

By automating claims processing, insurance companies not only streamline operations but also enhance their ability to serve policyholders more effectively. This approach reduces processing times, lowers operational costs, and improves accuracy, all while delivering a superior customer experience. The adoption of claims processing automation signifies a major shift towards more agile, responsive, and efficient operations in the insurance industry.

Why Use DeepOpinion for Claims automation?

DeepOpinion offers a groundbreaking approach to claims processing automation, addressing the insurance industry's unique challenges with its advanced AI capabilities. Here’s why DeepOpinion stands out:

  • Rapid Deployment & Model Versatility: DeepOpinion enables the creation of enterprise-grade AI applications in minutes, not months, bypassing the traditional barriers of time, financial, and technical resources. Its models can handle millions of document layouts with exceptional accuracy, offering a substantial improvement over conventional methods that rely on layout and position-based information.
  • Zero-Training Required & Continuous Learning: The platform's pre-trained models are operational immediately, providing both operational and maintenance advantages. These models continuously learn and improve, extracting even the most nuanced information from documents, a feat previously unachievable with traditional OCR and AI tools.
  • Global Variation & Language Support: DeepOpinion's AI can process documents in over 100 languages, handling 99% of global variation without the need for templates or extensive training datasets. This capability significantly reduces error rates by up to 20 times, offering a more reliable and efficient processing system.
  • Seamless System Integration & Scalability: DeepOpinion ensures easy integration with over 200+ systems, including RPAs, BPMs, and databases, facilitating a smooth workflow within the existing infrastructure. Its scalability and version control capabilities make it an ideal choice for large-scale operations, ensuring that any changes in AI models reflect instantly with no input/output lag.
  • Advanced Error Handling & Security: The platform offers robust error handling and security features, capable of processing high volumes of data without delay. It also enables the creation of multi-path AI workflows with detailed business logic and rules without coding, ensuring compliance and reducing reliance on predefined templates.

DeepOpinion's unique blend of generative and discriminative AI, combined with its no-code AI designer and pre-built apps, allows insurance companies to handle claims processing more efficiently and accurately, offering a significant competitive advantage in the industry.

Benefits of Claims automation

Automating claims processing with DeepOpinion introduces a myriad of benefits across various dimensions of the insurance industry, significantly impacting companies, employees, and customers alike, based on the insights gained from the provided document.

For the Company:

  • Operational Efficiency: DeepOpinion's AI-driven automation leads to a dramatic reduction in the time required to process claims. With capabilities like 65% dark processing, companies experience streamlined operations, translating into cost savings and increased productivity.
  • Accuracy and Compliance: Leveraging AI for claims processing enhances accuracy and ensures compliance with regulatory standards. DeepOpinion's model versatility and continuous learning capabilities mean that errors are significantly reduced, and the system stays up-to-date with the latest compliance requirements.
  • Innovative Competitive Edge: By adopting DeepOpinion, insurance companies position themselves at the forefront of innovation. The ability to handle a wide variety of document layouts and languages with high accuracy sets them apart from competitors.

For Employees:

  • Reduced Manual Workload: Automation reduces the manual, repetitive tasks traditionally associated with claims processing, freeing up employees to focus on more complex, value-added activities. This shift can lead to higher job satisfaction and reduced burnout.
  • Skill Development and Engagement: With DeepOpinion handling routine tasks, employees have the opportunity to engage in more strategic initiatives, such as improving customer service or developing new products, fostering a culture of innovation and continuous improvement.

For Customers:

  • Faster Claims Resolution: Automation speeds up the claims processing time, leading to quicker resolutions for customers. This improvement in service delivery enhances customer satisfaction and loyalty.
  • Improved Transparency and Communication: Automated systems can provide customers with real-time updates about the status of their claims, improving transparency and trust between the insurer and the insured.
  • Enhanced Accuracy and Fairness: The high accuracy rates achieved by DeepOpinion ensure that claims are processed fairly, based on the merits of the case, reducing the likelihood of errors that could negatively impact customers.

By addressing specific pain points in the claims processing workflow with its advanced AI capabilities, DeepOpinion not only streamlines operations but also fosters a more engaging work environment for employees and delivers superior service to customers, setting a new standard in the insurance industry.