3 Challenges Facing Stop Loss Providers and How AI Addresses Them

With the rising costs of healthcare, there is an increased demand for Stop Loss insurance. In fact, the stop loss insurance industry has experienced growth exceeding 10% in each of the past four years. Today, the Stop Loss insurance industry is also undergoing a digital transformation, with more and more insurers using innovative technology to address their business challenges, including artificial intelligence (AI), automation, and data analytics. For many Stop Loss insurers, AI, which leverages enhanced heterogeneous data assets and advanced computer models, is already having a profound effect on their insurance underwriting.

Read the guide to learn how AI can help address these 3 common business challenges:

• Speed - How can we turn around quotes faster?
• Accuracy - How can we improve the accuracy of our underwriting decisions?
• Profitability - How can we boost our overall profitability?