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Rules for motor insurance claims on driving under the influence of alcohol

Tuesday, October 22, 2019, 2:15 AM

Rules for motor insurance claims on driving under the influence of alcohol

Rules for motor insurance claims on driving under the influence of alcohol In India, it is compul ...

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Make sure the motor insurance plan you renew is not fake

Thursday, September 12, 2019, 6:07 PM

Make sure the motor insurance plan you renew is not fake

Motor Vehicles Act 2019: Make sure the motor insurance plan you renew is not fake The new Motor V ...

Brand Updates

 
ICICI Lombard using AI for fraud detection

Wednesday, August 7, 2019, 11:47 AM

ICICI Lombard using AI for fraud detection

Private sector insurer ICICI Lombard is using artificial intelligence (AI) and machine learning to not only improve claims processing and settlement but also to detect frauds in segments such as motor and health insurance. “We use machine learning to figure out when the surveyor is assessing motor claims to see which parts are outliers. Auto parts are priced differently across the country, but in case some garage charges very high, the algorithm can throw it up. It shows anything which is 5% too high or too low as an outlier,” Girish Nayak, Chief of Customer Service, Operations and Technology said. Similarly, in the case of medical claims, the insurer is using machine learning AI to check if a hospital may be sending claims for a particular illness at a particular price. “In such cases, you know there is something wrong and you send someone to check it. This can increase efficiency and help detect frauds better,” Nayak said.

Blog

 
Add-On Covers For Motor Insurance

Monday, August 6, 2018, 7:38 PM

Add-On Covers For Motor Insurance

It is compulsory to avail a motor insurance policy if you have your own vehicle and you should renew that policy each year. Availing motor insurance h ...

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How to claim insurance on a stolen car?

Thursday, August 2, 2018, 7:37 PM

How to claim insurance on a stolen car?

Motor vehicle theft in India has been increasing each year. According to statistics, more than four vehicles are stolen every hour in the national cap ...

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5 Motor Insurance Terms You Must Know

Monday, July 9, 2018, 6:48 PM

5 Motor Insurance Terms You Must Know

It is very important to avail motor insurance for your vehicle. But unfortunately, not everyone is aware of the various motor insurance terms. As an o ...

Blog

 
Tips To Avoid Buying A Fake Car Insurance Policy

Friday, June 1, 2018, 7:53 PM

Tips To Avoid Buying A Fake Car Insurance Policy

Fake auto insurance plans? Can this happen? It’s hard to believe that the motor insurance plan you recently availed, could be a fake. If you buy ...

Blog

 
Reasons Why Car Insurance Claim Gets Rejected

Tuesday, April 24, 2018, 7:28 PM

Reasons Why Car Insurance Claim Gets Rejected

You love your car and have availed car insurance to protect it. But, what if this nightmare unfolds? What if the insurer does not settle your claim? ...

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