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Intellect is proud to be a Presenting Partner at ASSOCHAM’s 13th Global Insurance E-Summit & Awards on Thursday, June 24. Key topics covered at this virtual event include:

  • Digital acceleration in insurance and strategies to success
  • Emerging trends around Micro Segmentation and Hyper Personalization
  • Disruptions in Claims and Underwriting post COVID
  • Role of insurtech at every customer touch point

Join us as Ramanan SV, Intellect’s CEO, India and South Asia, provides thought leadership at the panel discussion The Role of Technology In Insurance-InsureTech. He will be joined by other noted industry leaders.

Event registration is free, so make sure to register so you can hear first hand how emerging technologies are changing insurance. Register here

Intellect will be showcasing its Artificial Intelligence (AI) solutions: Contextual Business Exchange-Insurance (CBX-I), CBX-I Claims and Intelligent Data Extraction (IDX).

  • CBX-I is a comprehensive omnichannel solution that delivers exponential results across new business and servicing operations. With this AI-powered platform, advisors, contact center representatives and customers can engage and transact seamlessly across devices in real time.
  • CBX-I Claims is a complete claims management system with intrinsic product configurator and reserve & benefit calculation engines. It can be used with the CBX-I Sales & Service Suite for a seamless customer experience.
  • IDX is a purpose built platform that addresses real-world challenges in the document-to-data space. It leverages state of the art AI technologies like computer vision, machine learning, deep learning and Natural Language Processing to understand, extract and process unstructured, semi structured and structured documents at any point in the insurance life cycle. APIs enable seamless integration with current business processes.

Many insurers globally have realized the value from these solutions. With IDX, one client experienced greater than 50% improvement in operational efficiency and average processing times reduced from 75 minutes to 10 minutes per case. With CBX-I, one of the largest insurers in India benefited with CBX-I implementation. Using CBX-I digital platform, the client has 16.7 million customers onboarded to the Customer portal, effectively services over 4.7 million web requests per day and processes over 3.4 million transactions per day. With CBX-I Claims, our clients have experienced up to 80% reduction in servicing costs and 75% improvement in processing time.