Distributed Ledger Network (DLT)
Seamless sharing of FNOL/Claim file to Carriers, TNA, Subrogation, Attorneys, Reinsurer, Broker & Recovery. All activities, data updates on claims cases across communication channels are available on a real-time basis to all concerned parties, based on the appropriate level of access control.
A pre-defined permission and access-based contract engine for each business partner within the chain. This provides aninherent risk mitigation mechanism and regularly monitors with proactive alerts for adverse events and fraud.
Automation of tasks with code-based digital contract with minimal or no human intervention reduces processing cost and conventional contract costs.
Unified views of data enable claim stakeholders to collaborate across the claim lifecycle from claims intake, with defined service responses and automation to streamline processes, enabling faster resolution times and better customer experience.
All the business partners in ecosystem have similar visibility across the claim lifecycle boundary with each action and activity shared without latency..
Digital Content & Case Management
This features powers the entire eco-system, providing real time updates across Insurers /TPAs/Subrogation / Brokers and Legal with a single digital record.
From first notice of loss to settlement and recovery, the core functions are customer focused, digitally enabled, efficient, and timely while delivering new insights through AI/MLcontinuous improvement methods.
Leveraging sophisticated redaction capabilities including Optical Character Recognition (OCR) for unstructured digital content or directly processing with NLP data is initially extracted from the document.
Throughout the lifecycle, intelligent algorithms combine the full results from all of your documents to create an intelligent sum of information that boasts higher quality than any one individual source. This capture includes raw details, spatial characters, and other details important to processing.
Logically split documents and other unstructured data based on embedding value and meaning with ML features for best OCR & data extraction.
Ability to create and maintain distinct files including options tocreate one for communications concerning the merits of the claim and one for communications concerning coverage, with different claims personnel assigned to each file
Data Insights & Enrichment
Once the pipeline understands and organizes your data, our machine learningmodels and natural language processingtasksimmediately make the data available for your use.
You can further enhance and enrich your claim datasets by fusing them with our suite of predictive analytics models and connecting it to data from a third party.
We auto-extract data with accuracy and implement quality assurance, both automated & human throughout every step of the process. Our data is absorbed directly into our clients’ operations for immediate use, backed by Gigaforce commitment to near-perfect data.
Enhanced collaboration across legal offices enables increased visibility into claim status, costs, firm performance, with positive outcomes and reduction in processing delays.
Enhanced billing compliance with easy and proactive workflows, configurable rules and automated bill review.
Chipping & Netting
We build customized workflow for Negotiation and agreement between the parties for any disputes, build consensus, auto payment and maintain ledger in real time
This AI/ML driven model built in to determine possible disputes before negotiation to avoid time consuming step