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AI in Insurance

AI in the Insurance Industry

We assist insurance companies in effectively leveraging data science, machine learning, and artificial intelligence (AI) to enhance products and services, optimize processes, and identify new business models.

Contact us

We support insurance companies along their data and AI transformation

Your Experts for AI in Insurance

In addition to banks and other financial institutions, insurance companies are also facing the central challenge of digitalization. Although many insurers’ business models have been data-driven for decades, the industry has only recently begun to harness the full potential of data and artificial intelligence.

Many insurance companies have the advantage of already having many data sources and stores that have been built up over many years. With these it is possible to evaluate insurance risks, recommend individualized insurance products and predict future customer churn. In addition, customer service can be handled via AI-based chatbots, claims can be processed automatically, and potential fraud can be detected. IoT also creates the possibility of linking insurance premiums and services to usage and behavioral data in a personalized way.

Are you planning to use data science, machine learning and AI? Our team has already implemented a wide variety of projects in the insurance industry and can support you in the development and implementation of data science, machine learning and AI projects. Arrange a first consultation to analyze your options and benefit from our experience from over 500 data and AI projects. We look forward to working with you!

Impactful use cases of data science and AI in insurance

Customer Churn

Identify customers who are willing to churn so that appropriate countermeasures can be taken in good time.

Chatbots

Use modern chatbots and digital assistants to improve your customer service.

Risk Assessment

Automate the risk assessment of individuals, companies or objects using AI.

Upselling

Use data-based recommendation systems to suggest the right insurance to your customers.

Claims Settlement

Automate the processing and triage of insurance claims and increase efficiency and customer satisfaction.

Fraud Prevention

Use machine learning to recognize which of your customers may be pursuing fraudulent intentions.

Damage Detection

Use computer vision to estimate damage sizes based on imagery.

Predictive Models

Predict the expected number of insurance claims or sales.

Our advantage

500 Data and AI Projects successfully realized
100 Customers from 10 industries
85 Experts from 17 fields of study
10 Years of experience in Data Science, ML and AI

Partners, Tools and Technologies

Our services for insurance companies

AI Starters

Are you still at the beginning of your data and AI journey? With us, you'll find various workshops, training sessions, and ready-to-use AI solutions that are perfect for taking the first steps in data and AI.

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AI Consulting

We advise you on the identification of suitable AI application areas, the selection of technologies, the implementation of data architectures and the creation of your data and AI strategy.

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AI Solutions

We develop data science and AI solutions tailored to your requirements. We support you from the idea to the productive solution. Afterwards, we ensure smooth operation and maintenance.

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AI Trainings

Whether technical or methodological skills, data literacy or data culture - our formats rely on interactive and inspiring learning methods. We train beginners, specialists and managers.

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Your expert for AI in the insurance industry

Would you like to exchange ideas with us on topics related to data science, machine learning and AI in the insurance industry? Or do you already have a specific project in mind? Our AI consultants are looking forward to meeting you.

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marcel plaschke
Marcel Plaschke
Head of Strategy, Sales & Marketing