Unleashed - How To Thrive As An Independent Professional

558. Astrid Malval-Beharry: AI Project Case Study

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Show Notes: In this episode of Unleashed, Astrid Malval-Beharry discusses an AI case study with a top 50 homeowners insurance carrier in the US. Astrid was approached by their underwriting and innovation teams to digitally transform their underwriting workflow.  Astrid shares an overview of the industry at present. The industry is facing challenges due to an increase in natural catastrophes, inflation, disruptions in the supply chains, and policyholders who prefer to have an Amazon or Uber experience with their insurance carrier. The client had three goals for the digital transformation project: increasing the level of straight-through processes, improving risk assessment, and realizing greater investment in inspection. Astrid explains what  straight-through processing is and how it works using data analytics and AI-based and technology solutions.  The second goal was to improve risk assessment by analyzing the location of the property, the condition of the property, and the policyholders themselves. The clie