LONDON, 6th September, 2019 – Omni:us, the provider of Artificial Intelligence as a Service (AIaaS) for cognitive claims management, is delighted to announce that it has won the Insurance Innovation of the Year at The Insurance Insider Honours awards for its Enterprise Artificial Intelligence (AI) for Insurance Claims Automation product. This cutting-edge, technological approach combines Computer Vision and Deep Learning to unlock all the relevant information from highly variable insurance document streams. This enables the insurance industry to transform itself from being process-driven to being data- driven, meaning that valuable human resource can be applied to more creative tasks that add greater value. It also allows the industry to fuel its claim automation solution.
Sofie Quidenus-Wahlforss, CEO, omni:us said on receiving the award: “Omni:us’ AI manages all the data-intense tasks that do not generate any customer value. This frees up insurance employees to fully focus on what matters most: customer centricity and operational excellence.”
The immediate implications from using omni:us AI in claims processing are that loss ratios, claims leakage and handling times are significantly improved. Simultaneously, sophisticated databases are created which allow insurers to more accurately assess and predict risk, better segment their customer groups, and develop new products. This, in turn, leads to increased customer loyalty and a new level of operational excellence.
Adrian Honegger, Lead Group Strategy & Digital Transformation, BALOISE said of the product: “Thanks to the technology developed by omni:us, we will be able to make our core business even better throughout the whole country.”
Notes to Editor
omni:us is an Artificial Intelligence as a Service (AIaaS) provider for cognitive claims management. Built on a fully data-driven approach, omni:us is transforming the way insurers interact with their policyholders by providing all the necessary tools and information to make fast, transparent and empathetic claims decisions, whilst improving operational efficiency and reducing loss adjustment expenses.
The company is headquartered in Berlin, with research partners in Barcelona and representations in the UK, France and the United States.
Sent on behalf of omni:us by Rein4ce
Helen Smith, rein4ce
[email protected] 07775 763161