AI Data for the Insurance Industry
Reap the benefits of AI-first insurance solutions by employing our machine learning data to automate a seamless, affordable, and error-free ecosystem.
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Training Data Solutions to Automate Insurance Processes through AI
Embrace our annotation & labeling solutions to deploy competitive AI-enabled solutions to assess risk efficiently, detect fraud, determine coverage amount, and reduce human errors for faster and hassle-free operations like application process, asset management, timely documentation, insurance coverage, and claim analysis & settlement.
Data Annotation Techniques for Deploying AI in Insurance Industry
Text Annotation for Seamless Communication
Seek the assistance of our NLP experts in Text annotation to create an omnichannel conversational interface or chatbox for faster and simple-to-understand question-answer sessions with customers. Customers get accurate answers without having to wait for a representative.
Bounding Box Annotation for Vehicles Damages
A technique that can be implemented in insurance AI tools to examine and know about precise car conditions, dents, and damages. Thereafter, determine premiums pricing and claim settlement amount.
Semantic Segmentation to identify Unique Habits
Our data training experts offer solutions to empower you with AI products that filter out required pointers before making decisions. Know about the specific habits of insurance buyers before qualifying them, affixing premium prices, and settling their claims.
AI Use Cases in Insurance Industry
Annotation & labeling of data can transform the insurance industry and make it much more convenient and approachable for insurers and customers. Take a look at the below examples to understand how our annotation and labeling solutions can be useful.
Improve Claim Process
Our annotated data incorporated into AI algorithms can accurately expedite claim settlement procedures involving investigation, remittance, adjustments, decision-making, and plummeting costs due to human errors — thereby improving customer experience.
Faster Question & Answer Sessions
Utilize our machine learning data to develop AI chatbots to rapidly provide customers with accurate and approved answers. Customers get easy access to get answers to common questions like ‘When is late date to pay my premium?’ and ‘How soon can I get my claim settled?’.
Assess Risk for Insurance Approval
Take advantage of our AI data to craft machine learning algorithms that see-through, identify, analyze, and predict risk aspects pertaining to a human, vehicle, or property to approve or reject applicants.
Smart Data Tracking
Our AI data can be used to create algorithms to transform unstructured data into actionable intelligence. Collect data from smartwatches and apps to track customers’ daily habits before deciding the premium amount pricing in the case of health insurance.
Drone Mapping or Satellite Imagery for Crop Insurance
Our AI data can be used to prepare operating drones that facilitate agriculture insurance by providing rapid and accurate estimates for insurance compensation.
Streamline Medical Insurance Products
Our data allows medical AI solutions like MRI and CT Scan to influence health insurance by analyzing the situation for policyholders and insurers alike.
Your Data Partner for AI-enabled
Insurance Solutions
Partner with Cogito to harness the power of AI-first Insurance solutions and transform your customers’ user experience. As part of our AI training data practice, we adhere to a broad ethical agenda, which includes GDPR, CCPA, Fair Pay pledge, diversity, and inclusion.