In an interview with the Institute for Insurance Innovation, Simplify shared insights on how artificial intelligence and automation are accelerating the transformation of the insurance industry. Special emphasis is placed on overcoming outdated, disjointed processes that continue to slow down the work of many insurance companies.
The greatest benefits are achieved by automating everyday, repeatable tasks such as policy processing, claims reporting, invoicing and documentation work. Simplify has already helped customers automate more than 150 processes and thereby significantly speed up operations. One of the prominent examples is the fully automated claims payout, where clients receive funds immediately after digital application.
The importance of quality data, standardization of processes and the gradual introduction of advanced AI solutions, including Agentic AI technology, which enables the intelligent execution of complex tasks, was also highlighted.
The interview shows that the industry is already changing rapidly, and companies that introduce modern AI and automation solutions in time will provide themselves with a clear competitive advantage.
The entire interview is available on the website of the Institute for Insurance Innovation: https://www.instituteforinsuranceinnovation.com/how-ai-and-automation-are-reshaping-the-insurance-value-chain/