Improving cost control, increasing decision-making speed and augmenting people to do more with less are major focus areas for all claims and underwriting teams in 2024*.
Technologies such as Artificial Intelligence (AI), whilst not the singular panacea, offers leaders a new way to approach these focus areas.
AI, however, is an enormous - often nebulous - ecosystem of tools, services and people that, if deployed correctly can drive dramatic financial and operational improvements.
If deployed correctly, AI can:
- Reduce administrative cost associated with manual document processing (e.g. policies, ACORD forms, medical documents, submissions, applications etc)
- Augment people with always-on Autonomous Agents (Digital Coworkers) to reduce reliance on temp staff or outsourced providers (BPO)
- Improve quality and accuracy of data processing, significantly reducing claims and quoting cycle times and increasing straight-through processing rates.
If deployed incorrectly, or in the wrong areas, it can be an expensive, disruptive and painful exercise.
During this 60 min discussion, our expert panel:
- Discussed major trends in claims and underwriting AI
- Broke down major success factors for your AI program, including use cases
- Shared from real-world case studies and success stories
- Offered key considerations when building your business case for AI in 2024
- Demonstrated InsurGPTTM (Roots' proprietary Generative AI model) and the newly announced Roots Autonomous Workforce Platform
Use the form to register for this on-demand webinar.
* Sustained inflationary pressures, increased environmental (catastrophic) events and prolonged talent (capacity) resulted in combined ratios reaching 114% (Personal lines) and 104% (Commercial lines)* by the end of 2023. Datos Insights: https://datos-insights.wistia.com/medias/8c2r940sm9
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
Fusce non convallis mi. Curabitur nec rutrum orci. Etiam vitae diam ut tellus venenatis ultricies. Fusce vitae ipsum sed urna tempor tempor et vitae dui.
Fusce vulputate molestie est
Fusce non convallis mi. Curabitur nec rutrum orci. Etiam vitae diam ut tellus venenatis ultricies. Fusce vitae ipsum sed urna tempor tempor et vitae dui. Aliquam nibh ante, tempus vel ultricies nec, tempus sed felis. Nullam et efficitur velit. Aenean odio nulla, facilisis a commodo eu, suscipit at augue.
Aliquam rutrum dui sapien. Aliquam pulvinar lectus accumsan est dictum, et faucibus justo ornare. Mauris placerat placerat consequat. Donec commodo consectetur nunc, et posuere orci lacinia sed. Duis mollis, eros quis porta laoreet, mi est euismod lectus, vitae volutpat quam enim congue tellus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin ornare laoreet consequat. Integer at accumsan lacus, eget ultricies augue. Vestibulum semper sapien at venenatis pretium. Integer nec iaculis lacus. Sed elit nisi, luctus sit amet vehicula nec, mattis nec purus. Nulla facilisi. Nam ornare in justo eget facilisis.
- Praesent sit amet lectus quis metus sagittis tempor.
- Sed mattis ipsum vitae turpis laoreet condimentum
- Sed orci erat, rhoncus efficitur eros a, sollicitudin commodo tortor
- Sed accumsan ex viverra est tincidunt bibendum a non nulla curabitur eget ligula mauris
- Nam ut sagittis velit suspendisse ullamcorper quis lorem vitae hendrerit
- Vivamus diam orci, dignissim ac nulla hendrerit, porttitor posuere risus
Cras vel leo mattis viverra tellus eget vestibulum est
- Praesent sit amet lectus quis metus sagittis tempor.
- Sed mattis ipsum vitae turpis laoreet condimentum.
- Sed orci erat, rhoncus efficitur eros a, sollicitudin commodo tortor.
- Sed accumsan ex viverra est tincidunt bibendum a non nulla curabitur eget ligula mauris.
- Curabitur sit amet auctor tellus, at scelerisque sem. In sit amet convallis arcu, id vulputate velit. Proin feugiat interdum nulla, eu malesuada massa commodo quis.
- Vivamus diam orci, dignissim ac nulla hendrerit, porttitor posuere risus.
Cras vel leo mattis viverra tellus eget vestibulum est
- Etiam arcu metus, vestibulum et consequat sit amet, imperdiet at augue donec condimentum risus at consequat sollicitudin.
- In sit amet nisi vitae odio tristique posuere integer vel magna dignissim, sodales mauris a, tempus odio nullam orci sapien, posuere non posuere et, laoreet vel velit.
- Quisque eleifend tempor eros aenean et tempus neque nam ut porttitor velit maecenas consectetur, lacus at commodo efficitur, est neque tincidunt leo, et dictum nunc lorem a est.
- Maecenas viverra turpis vitae eros tempus porttitor nulla tempor nunc eros, eu elementum arcu dapibus a etiam a tristique metus.