Decerto Enhances Claims AI Platform for US Insurers Amid Automation Shift
Decerto has upgraded its Claims AI platform for US property and casualty insurers, transitioning from pilot testing to operational automation. This move is crucial as insurers face intense pressure to expedite claims processing and reduce fraud costs, estimated at $308 billion annually.
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Decerto's Claims AI platform now supports US insurers with production-grade automation, processing complex commercial property claims in under 90 seconds at a cost of approximately $0.05 per claim. The platform integrates multiple functionalities, including intelligent document recognition and fraud screening, while ensuring human adjuster involvement in decision-making.
With a 99% accuracy in OCR for standard documentation, the system aligns with evolving regulatory standards and maintains audit trails. This shift from pilot programs to operational automation is vital for enhancing claims handling efficiency and customer satisfaction, especially as faster resolutions significantly impact retention rates.
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