Property & Casualty Insurance
Shift's AI-powered solutions enable P&C insurers to make fast, accurate decisions at every point in the policy and claims lifecycle. Our solutions help the world’s leading insurers deliver better customer experiences, increase operational efficiency, and reduce costs.
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The Combined Ratio Problem: Closing the Gap Between Claims Costs and Premiums Using AI
In the battle to improve combined ratios insurers need to be thinking bigger than just automation or fraud. Starting with the point of sale, insurers can mitigate the risk of writing bad policies. They can approach subrogation and recovery differently. They can apply modern techniques and technologies such as artificial intelligence (AI) to both the policy and claims lifecycle to improve combined ratios which is good for the insurers and their insureds.
Learn how Shift can help you automate and optimize critical insurance decisions