AI-Powered Risk Assessment for a Regional Insurance Company

Client: A leading regional insurance provider
Challenge: The company was struggling to keep up with the changing risk landscape, relying on outdated risk models and manual processes for assessing claims.

Solution:

Quantal designed a custom AI-driven risk assessment platform that:

• Integrated real-time data to analyze risk factors for each claim.
• Utilized machine learning models to predict high-risk claims and recommend mitigation strategies.
• Automated the claims review process, reducing manual intervention and speeding up decision-making.

Results:

• 40% faster claim assessments.
• 25% reduction in high-risk claims losses.
• Improved customer satisfaction due to quicker claims processing and fewer disputes.