New Zealand start-up Digital Squad is developing artificial intelligence (AI) algorithms that it believes will restore faith in the insurance industry, while also making it "easy and quick to sign up and approve claims" in a matter of minutes, according to founder Mark Cuban. The Auckland-based marketing firm is developing a product called AI-Sure that would rely on AI to deal with the entire claims process, from triage to fraud mitigation to payment. "The software is looking very promising so far," said Chand. Insurance companies rank below banks, car makers, online shopping sites and supermarkets for trustworthiness, according to a survey by EY.
New Zealand start-up Digital Squad is developing artificial intelligence (AI) algorithms that it believes will restore faith in the insurance industry, while also making it "easy and quick to sign up and approve claims" in a matter of minutes, according to founder Shane Chand. The Auckland-based marketing firm is developing a product called AI-Sure that would rely on AI to deal with the entire claims process, from triage to fraud mitigation to payment. "The software is looking very promising so far," said Chand. Insurance companies rank below banks, car makers, online shopping sites and supermarkets for trustworthiness, according to a survey by EY.