Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

MotionsCloud – Mobile & AI Claims Solution for Insurers

[ff_author_box_style2]

In Action Summary

MotionsCloud is a German claims handling platform that streamlines the claims process for both insurers and loss adjsuters. Designed by loss adjusters, for adjusters, MotionsCloud integrates with the existing IT infrastructure of insurers in addition to providing data security for client insurers.

MotionsCloud increases the processing speed of insurance claim from 3 weeks to 3 hours. For insurers, this represents up to 30% of the claims expenses

MotionsCloud works by first aggregating and then clustering claims data into predefined categories. It then estimates the damages by analysing text, audio, photo and video input features. These data points are then securely stored for later reference by loss adjusters. Finally, Motionscloud also enables loss adjusters and claims handlers to work with customers remotely through voice and video communication to settle simple claims faster. The claims process is therefore more straightforward and efficient, with a higher degree of customer satisfaction.

MotionsCloud claims to increase the processing speed of insurance from 3 weeks to 3 hours. For insurers, this represents up to 30% of the claims expenses. Additional benefits of MotionsCloud include:

  • Reduced claims costs through automating the process
  • Reduce fraud rate through identifying patterns in fraudulant claims
  • Improve accuracy of settlement payments
  • Self-service & automate claims processes
  • Claim progress tracking mechanism.

Ultimately, although the AI frontier is still in its infancy, the cost savings that can be achieved with solutions such as MotionsCloud is providing a glimpse of the potential disruption ahead.

Register for our AI webinar

References

Comments

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in