(Image source: Ajira AI homepage.)
Ajira AI, a Lisle, Ill.-based InsurTech startup delivering artificial intelligence (AI) solutions for the property/casualty insurance segment, has the released IntelliFROI, the first in a series of data collection and business process tools that blend AI, speech, mobile and cloud technologies.
Ajira AI describes IntelliFROI as using AI algorithms to analyze data for early fraud detection, subrogation, and to enable early incident reporting at higher levels of accuracy than were possible before. Using IntelliFROI, workers’ compensation insurance companies, third-party administrators (TPAs), and self-insured entities gain immediate incident reporting capabilities accessible from any location 24x7x365 with photo and video capabilities, according to the vendor.
“IntelliFROI directly reduces claim lag, a tough industry problem faced by many workers’ compensation organizations,” comments Sandeep Mehta, CEO, Ajira AI. “It provides an opportunity for our customers to realize significant savings while increasing policyholder satisfaction. IntelliFROI improves the accuracy of the early incident report by leveraging artificial intelligence algorithms, and is targeted to replace legacy web-based incident reporting capability solutions for an almost immediate ROI.”
IntelliFROI represents a new breed of software products that combine artificial intelligence, speech, mobile and cloud technologies, according to Pratish Pillay, CTO, Ajira AI. “Our software combines mobile and cloud technologies that work seamlessly to deliver a superior incident reporting capability,” he says. “The mobile portion of our solution is speech-enabled, increasing ease of use for a broad spectrum of end users. Our integration capabilities allow us to deliver an incident to any claim management platform in minutes.”
Short Implementation Timeframe
IntelliFROI has a short implementation timeline and may be easily deployed within an insurance organization’s value chain for a better overall customer or claimant experience, increased speed and efficiency of incident reporting, claim lag reduction, early fraud and subrogation detection, and better severity alerts, according to the vendor. Initially available for workers’ compensation insurance companies, self-insured entities, and third-party administrators only, Ajira AI’s product roadmap plans extension of IntelliFROI’s capabilities to include other commercial insurance lines in the future.