Powered by InsuranceGPT, the product, called Simplifai Claims Processing, would let businesses manage more clients more effectively without raising prices or lengthening wait times.

The product's launch responds to the insurance sector's increasing need for cutting-edge technology to improve client happiness and operational effectiveness.

Simplifai seeks to transform the insurance claims industry by utilizing InsuranceGPT's generative AI technology to provide a comprehensive end-to-end claims processing solution.

A number of capabilities are available in Simplifai Claims Processing that are intended to improve compliance and efficiency in the processing of claims. Accurate recommendations based on domain-specific expertise, a 50% increase in claims processing capacity without hiring more workers, and adherence to legal standards like the GDPR and the EU AI act to guarantee data security and protection are a few of these.

"Simplifai Claims Processing is a powerful solution built on top of InsuranceGPT, the first generative AI technology specifically targeting insurance companies," said Bård Myrstad, CEO of Simplifai. Our goal with our Claims Processing system is to provide clients with a significant advantage, not just in terms of processing costs per claim but, more crucially, in terms of providing each claim manager with more engaging work to perform without adding to their total workload.

Leading insurance firms have already expressed interest in Simplifai Claims Processing since its inception; Van Ameyde and NH1816 were among the first clients to use the service.

With intentions to extend to additional markets and insurance kinds in the near future, the first concentration will be on the Dutch motor insurance industry.