Streamlining the claims process for insurance companies using AI technology
The idea is to develop an AI-powered platform that automates and simplifies the claims process for insurance companies. This will reduce paperwork, streamline workflows, and improve efficiency. Market size: According to Statista, the global InsurTech market was valued at $5.48 billion in 2019 and is projected to reach $10.14 billion by 2025, with a CAGR of 10.8%.