Motor Insurance Digitalization & Fraud Prevention

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Motor Insurance Digitalization & Fraud Prevention

Proof of concept for Motor Insurance Digitization & Fraud Prevention powered by Azure block-chain.

This 1-week Proof of concept is a hybrid session of Assessment + workshop for simplifying the Digitalization of Motor Insurance processes leveraging Microsoft Azure platform, including Azure App service, Azure SQL, Azure Cognitive services, Azure API Management, Azure Blockchain and Microsoft Logic Apps.

  • Applying for new Motor Insurance (USSD / Smart Phone enabled) - increase the Direct Insurance (vs losing money in other indirect channels)
  • Digitalization of records with Azure immutable blobs and Azure Blockchain.
  • Fraud Prevention checks during Policy issuance process.
  • Claim Registration Automation.

Target audience is Business & Technical leaders and is held apt mix of in-person meetings and online sessions. Businesses will get benefited by rapid Digitalization, which leads to significant reduction in per transaction cost, increase in policy holders and more importantly increasing end customer satisfaction. Additionally, businesses will easily be benefited by implementation of new trends like Usage Based Insurance (UBI).

As part of this workshop we first asses the challenges the customer is facing, as-is processes map the to-be processes. With our expertise in Insurance domain we provide the Proof of concept with roadmap for implementation at the end of the week.

This also provides an in-depth knowledge of following Microsoft solutions

  • Azure Blockchain
  • Microsoft Cognitive services + Custom Vision
  • Power BI

Following are the schedule for the POC sessions

  • Day 1: Workshop with assessment.
  • Day 2: Prototyping & Validations.
  • Day 3: Customise the base product + Integrate Microsoft cognitive solutions.
  • Day 4: Demo & Hands-On experimentation with business users + Fine tuning.
  • Day 5: Roadmap for enterprise deployment.

Source: https://azuremarketplace.microsoft.com/en-us/marketplace/consulting-services/wiftantitsolutionsindiaprivatelimited1581573836816.swiftant-insurance_digitalization?tab=Overview