Please enable JavaScript.
Coggle requires JavaScript to display documents.
AI applications in FS (1), Productivity, Value protection, Value creation …
AI applications in FS (1)
Fraud Detection
Shifts technology - Analyse claims processing data to prevent fraud
Use of ML for Credit card fraud detection
Credit risk assessment in auto lending
Risk assessment
Cape analytics Insurance - Using computer vision to analyse vast amounts of data for underwriting and pricing
Tractable - Use of computer vision to analyse damages and estimate repair costs improving claim process; Reduce risk of human error
Customer experience
Chatbots
Lemonade - Insurance startup that processes claims using NLP by providing real time responses to customers improving customer experience
Personalized marketing
Recommendation engines
Personalised products and pricing
Metromile - Pay per mile car insurance provider uses telemetrics data to offer personalised premium based on actual data
Automation of customer facing processes
Automation of loan approval processes
BloombergGPT - Predictive analytics for demand prediction
Sentiment analysis
BloombergGPT - Understanding emotions in news and financial articles, social media posts to predict stock movement
Increase in coding productivity
Automation
Snapsheet - Uses Computer vision and NLP to process claims in real time
Algorithmic trading
BloombergGPT - Named Entity Recognition
BloombergGPT - News classification
BloombergGPT - Answering customer questions
BloombergGPT - Analyse data points related to investments, loans and other financial transactions to assess risks
BloombergGPT - Portfolio management
Employee training
Writing Marketing copy - Midjourney
Productivity
Value protection
Value creation