#USA #Boston #agentic AI #Indico Data #Insurance AI

Indico Data Revolutionizes Insurance AI

Indico Data, recognized as The Decision Automation Company™, has recently launched an advanced suite of out-of-the-box AI capabilities tailored specifically for the insurance sector. This initiative strengthens its role as a reliable partner for leading global insurers.

With a rich history of delivering impactful results to some of the top carriers in the market, Indico Data's latest offering signals its dedication to fostering digital transformation within the insurance industry. The newly enhanced agents provide a seamless pathway for insurers to digitize and extract valuable data across various insurance products without the need for extensive training datasets or IT support.

Fast and Scalable Deployments

The AI capabilities from Indico Data are designed for rapid deployment. Insurers can tap into these out-of-the-box solutions to automate critical processes such as policy submissions, claims processing, and servicing. The technology supports over 20,000 insurance-specific terms, 900 document types, and can communicate in 70 languages, allowing carriers to experience immediate operational agility and return on investment (ROI).

According to the company, leveraging their comprehensive tools has led to a staggering 70% reduction in processing time for industry partners, while also quadrupling operational capacity and achieving an average of 85% faster quotes. This level of efficiency not only enhances underwriting precision but also expedites decision-making processes, ultimately resulting in improved profitability and heightened customer satisfaction.

A Proven Partner for Insurance Leaders

Indico Data's reputation as a leader in decision automation is well-established. The company boasts a remarkable 97% go-live success rate and has experienced zero customer churn within its insurance clientele. This level of customer loyalty can be attributed to proven outcomes: insurers utilizing these capabilities have accelerated their workflows significantly, responding to market demands more effectively than ever.

Tom Wilde, CEO of Indico Data, remarked on the significance of this innovation, stating, “As pioneers in this domain, we are continuously driving industry innovation. Our advanced AI technologies convert previously unstructured data into actionable insights at unprecedented speeds.” With the integration of schema-driven, no-code solutions, insurers can sidestep the costly training model while still witnessing measurable business enhancements from their very first day of usage.

Unique Features of Indico Data’s AI Solution

Indico's AI engine boasts several unique characteristics:

• - Tailored Agents: Over 120 specialized product lines cover a diverse range of insurance needs.
• - Data Accuracy: More than 20,000 data points specifically related to insurance ensure precision for every workflow.
• - Comprehensive Document Types: Automate various formats including emails, applications, loss runs, and other intricate documents.
• - Language Support: 70+ languages allow global agility for processing submissions and managing claims.
• - No-Code Configuration: Insurers can implement changes without extensive IT involvement, significantly reducing complexity and enhancing agility.
• - Agent Studio: A powerful tool that allows customization of data schemas for tailored solutions to meet specific customer needs.

With a relentless focus on enhancing customer success, Indico Data ensures every deployment not only meets the unique goals of insurers but is also supported by expert guidance to ensure immediate impacts. This commitment is set to redefine operational standards in the insurance landscape, empowering carriers to modernize and prosper in an increasingly competitive market.

For more information, visit Indico Data.

Conclusion

Indico Data’s latest developments in AI within the insurance realm illustrate a significant step forward in resource efficiency and strategic decision-making. As the company continues to innovate, it remains at the forefront of transforming the insurance industry by delivering high-powered, accessible solutions that drive success.