An illustration demonstrating artificial intelligence. Today, claims processing can make or break your insurance firm's reputation in the market. Credit: VectorMine/Adobe Stock

Do you know up to $170 billion of insurance premiums could be at risk in the next five years due to poor claims experiences? P&C insurance claims processing has been one of the most challenging issues for insurers. The most common reason has been unprecedented natural calamities and the emergence of new technologies. These two factors have transformed the approach of P&C insurers to simplify their claims process.

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