Insurance

Insure the future with precision, agility, and customer experience
The insurance industry is currently experiencing a significant transformation. With customers demanding more personalised and technologically advanced services, the industry is undergoing a seismic shift. In this era of technological advancements, insurance companies are seeking innovative solutions that can integrate seamlessly with their complex operations, leading to increased competitiveness and delivery of unparalleled customer experiences.

We empower businesses by offering transformative solutions that leverage data-driven analytics, artificial intelligence, and intelligent automation. These solutions provide insurance companies with unmatched agility, precision, and a forward-thinking approach.

Enhanced Efficiency

Risk Mitigation

Compliance adherence

Personalised Customer Experience

Life, Annuity, and Group Benefits

Claims Processing: Transform claims experience with automated risk mitigation, reducing manual effort and enhancing overall efficiency in processing.

Policy Administration and Servicing: Automate group benefits enrolment, update coverages, and ensure streamlined, error-free processing.

Automated Underwriting: Expedite risk assessment with AI-driven automation while evaluating relevant risks and eligibility.

Regulatory and Compliance: Seamlessly meet compliance requirements by automating profile screening, client research and generating reports.

Customer Service: Enhance customer interactions with efficient, responsive, and personalised conversational AI solutions.

Property and Casualty Insurance

First Notice of Loss (FNOL): Swiftly report and process losses with automated first notice systems, improving responsiveness and minimizing processing time.

Fraud Detection and Prevention: Flag potential fraud with timely detection, identifying fraudulent claims or multiple applications, and ensuring proactive prevention measures.

Underwriting Process: Leverage data-driven models to automate and streamline policy evaluations, ensuring accuracy, speed, and consistency in risk assessment and decision-making.

Renewals and Cancellations: Simplifying administrative processes and ensuring timely and accurate policy management.

AI-powered Chatbots: Offer instant and accurate responses for quick query resolution and enhanced user experience.

Customer Stories

Transforming Compliance Policy Management with GenAI

Discover how LatentBridge’s GenAI-powered solution enhanced accessibility and understanding of regulatory compliance policies for a large European financial services firm.

99%

Success in fetching contextualised information

Instant

Access to relevant information

Faster

Document search and compare

Customer Stories

Accelerating digital transformation with an Intelligent Automation CoE for a leading business process services provider

Established an Intelligent Automation Centre of Excellence (IA CoE) to scale automation initiatives across the organisation and meet business goals of customer experience, employee engagement, and process efficiencies. The IA CoE put together an automation roadmap by identifying the right automation candidates, an ROI maximisation framework, best practices for tools and methodologies, and the adoption of industry standards in processes and documentation.

30%

Reusable code was developed showcasing extensible design philosophy

1.3X

Faster release cycle for new processes

2

Processes were automated in parallel as benchmark processes

Icon - Elements Webflow Library - BRIX Templates
Icon - Elements Webflow Library - BRIX Templates

Insights