Industry Projects – Sompo Insurance
AI Singapore helps companies with their real-world business problem that needs solving with an AI solution. Through our flagship industry programme 100 Experiments, we work with your company to refine your problem statement, identify AI researchers and assemble an AI engineering team to develop a production-ready AI minimum viable model within 9 to 18 months.
In this example, Sompo Insurance Singapore collaborated with us in an AI project to develop a fraud detection application that could automatically flag out suspicious cases for further investigation and identify valid claims as candidates for straight-through payment. The results are 90% improvement in fraud detection and at least 20% of customers also had their claims processed and payment disbursed much more quickly, resulting in a better customer experience.