With so many real-world applications, AI has become a powerful medium for insurers to adapt to the ever-changing customer expectations and standards. AI-driven personalization could allow insurers to design Insurance products that are tailored to each consumer's unique situation. Insurers can mine data from connected systems and adjust their rates on a case-by-case basis based on a customer's unique situation. A new generation of AI-powered insurtechs is rapidly emerging. The insurance landscap...
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- September 12, 2022
An Insight into Konsultera’s Intelligent Document Digitization Platform – MYSTiQUE
- July 12, 2022
One of the biggest challenges enterprises face is handling document digitization. Handling paper documents is time-consuming, repetitive, and error-prone. While AI and Robotic Process Automation have made it possible to handle documents automatically, enterprises still struggle to eliminate manual processes. Invoice processing and procurement-to-pay processes are two of the most common examples of business processes that involve documents. With an intelligence-powered document digitization solu...
Read MoreRating Notes Augmentation
- April 19, 2022
Business Objective One of India’s largest rating companies want to introduce ML and AI to generate assessments and analysis to automatically create insight notes Qtabular information Problem Statement Rating Analysts need to Compute aggregated attributes of the company from their data. Plot this data and create notes based on visual analysis Solution & Outcome MYSTiQUE is helping parse through information from these tables and graphical informatio...
Read MoreInsurance Underwriting
- April 18, 2022
Business Objective Insurance providers wanted an onboarding process that used video to capture remote KYC and onboard customers as per regulator norms Problem Statement Insurers are mandated to collect: Consent Liveliness, face match with the ID Document extraction for form pre-fill Solution & Outcome MYSTiQUE helped reduce on-site visits and customers can complete their process in under 1 minute with 90% accuracy ...
Read MoreThe New Tech Empires
- March 22, 2022
We have all witnessed the growth of technology ever since the early 20th century. The semiconductor revolutionized the electronic industry and its been a race ever since to fabricate the most sophisticated semiconductors and chips that now are an integral part of life. The last 20 years in this century has seen a complete transformation and conversion of science fiction in the 20th century, to reality. Among this was the use of data – collecting points of observation of any attribut...
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