Will AI handle my insurance claim fairly? With the claim that “60% of insurance claims will be triaged with automation,” it’s a question on many minds.
As AI continues to evolve, more insurance companies are using it to process claims faster and more efficiently. So, keep reading this blog to discover how artificial intelligence could impact your claim today.
The Perks of Using AI for Insurance Claims
AI is becoming a game-changer in many industries, including insurance. Let’s look at some of the benefits it can bring to it:
Boosting Efficiency
One of the biggest advantages of AI insurance claims is that they can increase throughput. With AI, the process moves faster, meaning less waiting time for you.
Better Predictions
AI can improve claims expense forecasting. After all, it uses data to predict costs accurately, helping insurance companies manage their resources better.
Saving Time and Money
AI can significantly reduce claims time and labor costs. By automating routine tasks, it frees up human workers to focus on more complex issues.
The Risks of Using AI on Your Claim
While there are many benefits, there are also risks. Some include bias on the AI Insurance claims and less human connection. Let’s explore each one of them here:
Potential for Bias
There’s a potential for bias in claims handling and underwriting. This is because algorithms are only as good as the data they’re fed. If that data is biased, the results will also be this way.
Less Human Touch
AI will further depersonalize the claims-handling process. You might miss the empathy and understanding that a human touch brings.
In Any Case, Trust an Insurance Claim Lawyer
Given these risks, it is wise to rely on an insurance claim lawyer or a property damage lawyer. They can help ensure your claim is handled fairly, providing the human touch that AI lacks.
Navigate Insurance Claims with Gibson Legal Group
If, after reading this blog, you’re still worried about the rise of AI insurance claims and need legal support, Gibson Legal Group can help.
We are a firm with a top-notch insurance claim lawyer ready to support you.
Don’t let worries keep you up at night. Gibson Legal Group offers the expertise you need to navigate this new landscape confidently.