ICICI Lombard chooses Arya.ai Deep Learning solution


Team Udayavani, Jan 24, 2019, 9:35 AM IST

Bengaluru: Artificial Intelligence technology firm Arya.ai, has been chosen by ICICI Lombard to implement its Deep Learning and Neural Networks platform to cut down processing time for health insurance customers needing hospitalisation, the company said Wednesday.

Arya.ai provides Artificial Intelligence solutions for the BFSI (Banking, financial services and insurance) industry.

The company said through plug and usable deep learning platform, Arya.ai automates most operational processes involved in banking and insurance, cutting down development as well as processing time leading to significantly better response time.

“For ICICI Lombard, the end-to-end solution by Arya.ai simplifies complex Claims processes with plug-and-play ease.

Using Arya.ais robust Deep Learning techniques to handle large claim processes reduces time taken from many hours to a few seconds,” Vinay Kumar Sankararapu, CEO and co-founder of Arya.ai, said.

ICICI Lombard is a private sector non-life insurer.

Arya.ai was set up in 2013 by IIT Bombay graduates Vinay Kumar Sankarapu and Deekshith Marla.

ICICI Lombards Chief Service, Operations & Technology Girish Nayak, said ICICI Lombard is the first Indian non-life insurance company to pioneer the use of Artificial intelligence and Machine Learning in health claim processing.

“Understanding medical diagnosis is a significantly complex activity for which we have deployed Aryas AI technology leading to reduced cashless claim request approval time from the earlier average of 60 minutes to under a minute now,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge

Siddaramaiah defends BPL ration card cancellation, says only ineligible beneficiaries affected

China announces new policy measures to protect its exports from Trump’s new tariff threat

Renovated Medical Oncology OPD and Chemotherapy Day Care Centre inaugurated at Kasturba Hospital, Manipal

Karnataka Health Minister justifies revision of user fees in state-run hospitals

Related Articles More

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Siddaramaiah says confident of winning all three bypolls in Karnataka

Hop on! IT Minister Priyank Kharge checks out Uber Shuttle at Bengaluru Tech Summit

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

AIMPLB to hold its annual general sessions in Bengaluru from November 23

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.