Clearcover unveils AI-powered claims management platform - Business Insider

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Machine learning automates and greatly accelerates the claims process, differentiating Clearcover from competitors

. Manual claims reviews typically require a lot of back and forth between drivers and claims adjusters, which takesIn addition, insurers must screen for fraudulent claims, such as people exaggerating their car accident injuries, which adds up to to US drivers' annual insurance bill and further slows the process. Previously, Clearcover claims took a couple of days, at least, to be paid.

It can also flag suspicious claims, allowing the insurer to focus its investigators on specific cases. This reduces operational costs, and the savings can then be passed on to the customer, enhancing satisfaction. Other auto insurtechs still take days to process claims—such as

 

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