👉 Claims computing is an advanced data analytics approach that leverages artificial intelligence, machine learning, and other cutting-edge technologies to process and analyze insurance claims data in real-time. Unlike traditional claims processing, which can be slow and often relies on manual verification, claims computing automates the assessment of claim validity, fraud detection, and payout decisions. By integrating data from various sources, including IoT devices, social media, and other digital platforms, claims computing provides a more comprehensive view of the claim context, enabling faster, more accurate, and fairer outcomes. This technology not only reduces operational costs and improves customer satisfaction but also enhances the overall efficiency of the insurance industry by minimizing fraudulent activities and ensuring timely settlements.
