Solvais an AI-powered platform designed for insurers and insurance brokers to automate the claims handling process. It enables a seamless claims process and ultimately improves combined ratios by using AI agents to evaluate claims, detect omissions and fraud, and eliminate repetitive manual tasks.
Solva Features
- AI Claims Evaluation: Solva leverages AI to automate the process of classifying and processing First Notification of Reporting (FNOL), extracting non-compliant policy information, and flagging missing information before adjusters can process the claim, automating the process and allowing the team to focus on more important work.
- Advanced Leakage and Fraud Detection: Solva identifies repetitive loss drivers, fraud patterns, underwriting violations, and potential recovery opportunities to stop losses and leakage before claims occur.
- Insurance-grade auditability: Solva provides AI-generated insights based on real-source citations, ensuring the accuracy and verifiability of every piece of information to support confident decision-making.
- Bank-grade security: Solva provides a secure and reliable system with multiple layers of security, from identity management to data encryption, to ensure data privacy and system compliance.
- Seamless Integration: Solva integrates seamlessly with existing systems, requiring no changes to current settings, and AI agents run within existing workflows, delivering results quickly and without operational disruption.
Official website link:https://solvatechnology.com
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