April 30, 2024—Oslo, Norway–Simplifai today announced the availability of Simplifai Claims Processing, powered by InsuranceGPT. Simplifai Claims Processing delivers support for full end-to-end claims processing, ensuring insurance companies can take on more clients without increasing costs or wait times.

Simplifai Claims Processing delivers robust cost and time savings, ensuring both insurance companies–and their clients–are happy, all while ensuring that a human is in control.

The first version will be targeting the Dutch Motor insurance market, with other markets and insurance types coming on quite quickly thereafter. Simplifai has already secured two customers, Van Ameyde and NH1816, for Simplifai Claims Processing.

The Simplifai Claims Processing provides:

• accurate suggestions, based on domain-specific knowledge, including outlines of the specific laws, company policies, and terms of the agreement.
• an increase in the number of claims processed per day by up to 50% without adding staff.
• systems that may ensure compliance with GDPR, EU AI act, and others, depending on the data and customer input, but nonetheless ensuring that claimant’s data is secure and protected.

“Simplifai Claims Processing is a powerful solution built on top of InsuranceGPT, the first generative AI technology specifically targeting insurance companies,” said Bård Myrstad, Simplifai CEO. “With our Claims Processing solution, our aim is to give customers a powerful edge, both in terms of cost per claim processed, but more importantly, getting each claim manager more, and more interesting work to do without increasing their overall workload.”