Interview with
Sanjeev Chaudhry
Gigaforce CEO Sanjeev Chaudry spoke with ITL about how far blockchain has already progressed as a force in the insurance industry and about where it can go from here.
Simplified, Secure, Touchless
Gigaforce is a unified platform based on a distributed ledger architecture model using NLP (AI/ML) and RPA driven solutions where all transactions are shared securely between all the partners of the insurance ecosystem.
Why Gigaforce
Gigaforce is a patent-pending Software as a Service (SaaS)-based platform designed to expedite complex Subrogation and Recovery claims processing in the insurance industry.
Inherent within the DNA of the platform is security, immutability, auditability and usage of standardized protocols used by the subrogation process or as a stand-alone module.
The Gigaforce platform seamlessly bridges insurance carriers, TPAs, subrogation agencies, collection companies and law firms to improve subrogation outcomes for all.
Gigaforce transparently tracks all information and documents associated with claims and related financial transactions, including artifacts, notes, FNOL detail documents, metadata, and status to improve subrogation outcomes for all authorized parties.
Value Proposition
Gigaforce combines heterogeneous data and provides AI/ML-driven predictive data models and DLT/blockchain, as well as specialized expertise and customized services to create the subrogation solution that is right for your organization.
- Unified, trusted, secure view of subrogation & recovery life cycle
- Transparency, visibility & operational efficiency
- Immutable audit trail
- AI/ML-driven models & advanced analytics
- Smart contracts with seamless pass through for Claims, Recovery, Legal & Financial
- Data enrichment & integration with core industry applications
- Shared ledger for triaging, settlement, negotiation, & arbitrage between stakeholders
