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AI in Insurance: Carrier Saves $150,000 on an Illegitimate Disability Claim

Published On
June 9, 2021
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https://digitalowl.com/ai-in-insurance-carrier-saves-150-000-disability-claim

Using DigitalOwl, Carrier Identifies Misrepresentation in the Claim Process.

A 62-year-old female, working as a travel agency manager, submitted a slip-and-fall accident claim.  While she was going down the stairs, she slipped and injured her back.  

She had an accident policy that would pay a lump sum benefit up to $500K for any disability caused by an accident.

The insurance company’s physician and claim analyst reviewed the claim as well as the insured’s entire medical record.

The internal recommendation was to accept the claim for 30% disability due to fractures and kyphosis and pay the insured $150,000.

Appropriately, the head of claims reviewed the case using DigitalOwl’s cutting-edge AI solutions before signing off on the claim.

The system identified evidence that the insured had suffered from kyphosis before the accident (a pre-existing condition) but she had withheld that information from the insurance company.

In this case, using DigitalOwl’s platform saved the insurance company from paying a fraudulent claim of $150,000.

Yuval Man
Co-Founder & CEO
,
DigitalOwl
About the author

As the Co-Founder & CEO of DigitalOwl, Yuval Man empowers insurance companies to unlock the full potential of their medical data for better outcomes by harnessing the transformative powers of AI to streamline and elevate the review of medical data.