AUSIS

AUSIS is a revolutionary AI-powered platform transforming the insurance industry by streamlining and enhancing the underwriting process. AUSIS.ai leverages the power of artificial intelligence, machine learning, and GPT (Generative Pre-trained Transformer) models to deliver highly accurate risk assessments, improve decision-making for insurers, and pave the way for the future of underwriting.

Benefits and Uniqueness:

AUSIS.ai offers several unique benefits, setting it apart from traditional underwriting systems:

Efficiency: AUSIS.ai automates the underwriting process, enabling insurers to quickly evaluate risks, optimize pricing, and minimize potential losses.

Data-driven insights: The platform's sophisticated algorithms analyze vast amounts of data from various sources, providing valuable insights into customer risk profiles and facilitating the development of tailored insurance products and services.

Seamless integration: AUSIS.ai easily integrates with existing insurance systems, streamlining workflows and promoting efficient communication between departments.

Real-time access: The cloud-based platform offers insurers real-time access to data, tools, and insights from any device with internet connectivity.

Improved risk management: The platform's advanced analytics capabilities enable insurers to monitor trends, identify potential risks, and make strategic decisions.

Regulatory compliance: AUSIS.ai's AI-driven platform ensures that insurers remain compliant with ever-evolving industry regulations and standards, reducing the risk of non-compliance penalties.

Scalability: The platform's flexible architecture allows insurers to scale their underwriting operations, easily adapting to changing market conditions and business growth.

Enhanced customer experience: With faster, more accurate risk assessments and personalized offerings, AUSIS.ai contributes to an improved customer experience, which can lead to higher customer satisfaction and loyalty.

Continuous improvement: AUSIS.ai's machine learning algorithms continually learn from new data and industry trends, refining the underwriting process and ensuring that the platform remains at the cutting edge of innovation.

AUSIS by Artivatic allows businesses for:

• Ability to capture real-time customer data (wearables data, environmental data, govt, social media etc.) and perform risk assessment basis both historical and real-time data
• Ability to perform facial analysis to estimate smoking, gender, BMI and other information for better risk scoring
• Automated risk assessment across 1200+ parameters (financial, social, kyc , health, bureau, behaviour, activities, govt etc)
• Automated verification of all data points, documents extraction (printed, medical, finance, handwritten etc.), signature along with compliance reporting
• Rich decision making aptitude due to learnings from processing over 3 Mn+ insurance policies and 100K+ Claims. Provides propensity to claims.
• AUSIS is next-gen Smart Underwriting Cloud that will enable to connect, integrate and existing or 3rd party apps, APIs for end to end process

AUSIS will help in:

• Reducing TAT up to 90%
• Enabling data intelligence up to 80%
• Improving efficiency up to 60%
• Reducing cost up to 45%
• Reducing risk up to 30%
• Personalized Risk Profiling
• Help in increasing STP from NSTP up to 20-25%
• Automating documents extraction/verification up to 90%
• Medical Robo Advisory for medical risk assessment
• Scoring and credibility analysis
• Use of devices, interactions, sanitation, weather, AQI, Mortality, social, digital, and more data to build non-invasive health/social/profile risk indicators
• Automating onboarding process up to 90%
• Increase better customer experience up to 70%

AUSIS (Artivatic Underwriting Smart Intelligent Solution) is a powerful AI-driven platform that empowers life and health insurance companies to streamline their underwriting processes, leading to faster policy issuance, instant customer onboarding, and better understanding of health vitals. Here's how AUSIS enhances these aspects of insurance operations:

Fast Policy Issuance: By automating the underwriting process, AUSIS significantly reduces the time required for risk assessment and policy approval. The platform's AI algorithms analyze applicant data rapidly, enabling insurers to make informed decisions on coverage and pricing more quickly. As a result, policy issuance times can be substantially shortened, leading to increased efficiency and customer satisfaction. On an average takes about 60 seconds for policy issuance. 

Instant Customer Onboarding: AUSIS simplifies and accelerates the customer onboarding process by automating data collection, validation, and risk assessment. With the platform's user-friendly interface, customers can easily provide the necessary information for policy application. AUSIS then processes this data in real-time, allowing insurers to instantly assess the applicant's risk profile and eligibility for coverage. This streamlined process not only saves time but also enhances the overall customer experience.

Building Health Vitals: AUSIS leverages AI and machine learning to process and analyze various health-related data points, such as medical history, lifestyle factors, and biometric information. By doing so, the platform builds a comprehensive understanding of an applicant's health vitals, enabling insurers to make more accurate risk assessments and offer personalized coverage options. Furthermore, AUSIS's ongoing analysis of health vitals allows insurers to identify trends and patterns in their customer base, which can inform the development of new insurance products and services.

AUSIS empowers life and health insurance companies by automating and enhancing key aspects of their operations, such as policy issuance, customer onboarding, and health vital analysis. By leveraging the platform's advanced AI-driven capabilities, insurers can increase efficiency, improve customer satisfaction, and gain valuable insights to drive growth and innovation in the insurance sector.

The AUSIS (Artivatic Underwriting Smart Intelligent Solution) AI platform leverages advanced technologies, such as GPT (Generative Pre-trained Transformer) models and artificial intelligence, to revolutionize the life and health insurance underwriting process. 

GPT Models (GPT 3.5 / GPT 4.0):  The AUSIS platform incorporates GPT models, which are powerful language models trained on vast amounts of text data. GPT models can understand context, analyze patterns, and generate human-like text. In the context of insurance underwriting, GPT models can be used to assess and process unstructured data, such as medical records or customer correspondence, providing valuable insights for risk assessment and decision-making.

AI-driven Risk Assessment: AUSIS uses artificial intelligence algorithms to analyze complex data sets from various sources, including demographics, medical history, lifestyle factors, and more. By processing this data, the platform generates accurate risk profiles for life and health insurance applicants, enabling insurers to make informed decisions on coverage and pricing.

Machine Learning for Continuous Improvement: AUSIS incorporates machine learning algorithms that continually learn from new data, industry trends, and underwriting outcomes. This enables the platform to refine its risk assessment models and improve the accuracy and efficiency of the underwriting process over time.

Real-time Analytics: The AUSIS platform uses AI to provide real-time analytics, allowing insurers to monitor trends, identify potential risks, and make strategic decisions based on up-to-date information. This leads to better risk management and improved underwriting performance.

Automated Decision-making: AUSIS leverages AI and machine learning to automate various aspects of the underwriting process, such as data processing, risk assessment, and policy issuance. This reduces manual intervention, increases efficiency, and minimizes human error.

The AUSIS AI platform harnesses the power of GPT models, AI, and machine learning to revolutionize the life and health insurance underwriting process. By employing these advanced technologies, AUSIS streamlines workflows, improves risk assessment accuracy, and enhances decision-making, ultimately leading to better insurance products and services for customers.

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Industry Adoption and Transformation:

As more insurance companies recognize the potential of AUSIS.ai, the platform is likely to gain widespread adoption, leading to a significant transformation in the insurance industry. Companies that embrace AUSIS.ai's AI-driven underwriting technology will be better positioned to navigate the complexities of the modern insurance landscape and stay ahead of competitors.

Global Impact:

AUSIS.ai's transformative impact extends beyond individual insurance companies. As the platform becomes more widely adopted, it has the potential to reshape the global insurance industry, driving increased efficiency, more personalized products, and improved risk management across the sector. This, in turn, can lead to greater financial stability for insurers and better protection for consumers, ultimately contributing to the overall health and growth of the global economy.

AUSIS.ai is a game-changing AI-powered platform that is revolutionizing the insurance underwriting process. With its unique benefits, state-of-the-art technology, and potential for widespread industry transformation, AUSIS.ai is set to become an essential tool for insurers seeking to thrive in an increasingly competitive and rapidly evolving market. By embracing AUSIS.ai and harnessing the power of artificial intelligence and machine learning, insurers can unlock new opportunities, drive growth, and deliver unparalleled value to their customers.