ICICI Lombard launches AI based technology to facilitate instant health insurance claims

21 Aug 2018 Evaluate

ICICI Lombard General Insurance Company has launched India’s first Artificial intelligence (AI) based technology to facilitate instant health insurance claims approval. As a result, the traditional cashless claim request which takes an average of 60 minutes of processing has been drastically brought down to a minute using AI.

AI has become one of the mega technology trends being leveraged for the broader digitization of society and the economy, thereby impacting services across the board. ICICI Lombard, a pioneer in adopting new technology to ensure customer centricity, has used AI and machine learning to enhance the most critical aspect of insurance – claims settlement.

ICICI Lombard General Insurance Company offers its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.

ICICI Lombard Gen. Share Price

1882.40 -11.80 (-0.62%)
23-Dec-2024 12:02 View Price Chart
Peers
Company Name CMP
ICICI Prudential 651.15
Go Digit General Ins 329.35
Star Health and Allied 475.70
Life Insurance Corp 903.55
HDFC Life Insurance 625.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.