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Product DevelopmentInsurTech

Insurance Claims Platform

Digital claims management with AI damage assessment, fraud detection, and automated processing.

Duration

11 months

Team Size

7 developers

Industry

InsurTech

Category

Product Development

Insurance Claims Platform

A digital-first claims management system that uses AI to assess damage, detect fraud, and automate processing for faster settlements.

The Challenge

An insurance company struggled with claims operations:

  • Slow processing - Weeks to settle simple claims
  • Fraud losses - Millions lost to fraudulent claims
  • Manual assessment - Adjusters visiting every claim
  • Poor experience - Customers frustrated with delays

They needed intelligent, automated claims.

Our Approach

We built an AI-powered claims platform for the digital age.

Digital Claims Strategy

  1. Self-Service - Customers file claims themselves
  2. AI Assessment - Automated damage evaluation
  3. Fraud Detection - ML-powered fraud scoring
  4. Straight-Through Processing - Automatic approval for clean claims

The Solution

Customer Portal

  • Mobile-first claim filing
  • Photo and video upload
  • Document submission
  • Real-time status tracking

AI Damage Assessment

  • Computer vision for damage
  • Repair cost estimation
  • Parts and labor pricing
  • Severity classification

Fraud Detection

  • Pattern recognition
  • Network analysis
  • Document verification
  • Risk scoring

Claims Processing

  • Automated workflows
  • Adjuster assignment
  • Vendor management
  • Payment processing

Technology Stack

LayerTechnologies
FrontendReact, React Native
BackendPython, FastAPI
AI/MLTensorFlow, OpenCV
DatabasePostgreSQL, Redis
DocumentsAWS Textract, DocuSign
CloudAWS

Results & Impact

The platform transformed claims operations:

  • 70% faster claims processing
  • 40% less fraud through AI detection
  • 90% self-service claim initiation
  • 50% lower operational costs

AI Features

Damage Recognition

  • Vehicle damage assessment
  • Property damage evaluation
  • Injury claim analysis
  • Total loss determination

Fraud Prevention

  • Duplicate claim detection
  • Suspicious pattern alerts
  • Provider fraud networks
  • Document authenticity

Client Testimonial

"Simple claims now settle in hours instead of weeks. The fraud detection alone saved us more than the platform cost in the first year."

— Chief Claims Officer, Insurance Company


Modernizing claims? Contact us to discuss insurtech solutions.

Key Results

1

70% faster claims processing

2

40% reduction in fraud losses

3

90% customer self-service

4

50% lower operational costs

Technology Stack

ReactPythonTensorFlowPostgreSQLAWSDocuSign

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