Insurance

Information technology has a huge impact on the insurance industry’s productivity and efficiency including automating the insurance process, fraud detection, risk assessment, and underwriting.

Insurers had access to clients’ personal information due to the use of smart technologies by insurance buyers, which drastically increased the speed of the market.

“Not only can machine learning improve claims processing, but it can also automate it.” When files are digital and available via the cloud, pre-programmed algorithms can be used to evaluate them, enhancing processing speed and accuracy. This automated evaluation can be utilized for policy administration and risk assessment in addition to claims.”

We Enkefalos have developed solutions to mitigate risk. Blockchain technology is the perfect fit for the insurance industry.