AI Solutions for Insurance

Tap into AI to solve your biggest sales, distribution, underwriting, claims, risk management, pricing and compliance challenges.

Make Sense of Market and Enterprise Data

The insurance industry is awash with data and evolving through digital transformation. Capturing data isn’t an issue. Properly organizing it, analyzing it and making business decisions based on it is.

Advanced AI models help insurers better understand their data so they can quickly explore new strategies. With the power of machine learning, and generative AI, organizations can then make data-based business decisions and model the potential outcomes to maintain their competitive edge in a fast-moving industry.

Incorporating the latest AI advances into business strategy and operations can solve problems in underwriting, pricing, claims and reserving.

Key Solutions

Sand helps insurers across the insurance lifecycle by leveraging AI, Data and Machine Learning solutions to help achieve tangible results.

Ensure adherence to local and global regulations with Compliance AI, leveraging AI to analyze digital communications for quality and consistency.
Expert AI and data science teams that unlock value, accelerate digital transformation, and improve profitability for businesses.
Leverage AI to evaluate risk accurately, reduce loss ratios, and improve insurance underwriting and pricing.
If leveraged properly, AI and ML can drive a 50% reduction in loss ratio due to improved risk assessment and management.

ADDRESS REVENUE, RISK AND OPERATIONS

AI combined with actuarial techniques can advance growth agendas by refining risk assessment and pricing, leading to lower claims, claims costs, and more profitable policy underwriting.

Integrating AI with domain expertise can also streamline compliance efforts by offering full-scale, real-time monitoring that minimizes the risk of bias, breaches and fines.

Automation frameworks can further transform operational processes, bringing new levels of productivity and cost saving. In addition, document handling with OCR technology can accelerate data extraction and reduce errors, resulting in improved efficiencies and a better customer engagement and experience.

Client Success Stories

Industry Insights

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