back Back

Edelweiss General Insurance launches an AI Voice Bot for automated motor insurance

By Leandra Monteiro

February 03, 2022

  • Digital Transformation
  • Edelweiss General Insurance
  • India
Share

Edelweiss General Insurance, Edelweiss Digital Insurer, Edelweiss General Insurance (EGI), has launched an AI Voice Bot, a digital transformation initiative to enable its customers intimate motor claims. This end-to-end AI Voice Bot is the first in the General insurance industry in India, and is powered by Yellow.ai, a next-gen Total Experience (TX) Automation Platform.

This conversational AI Voice Bot, available in Hindi, English and Hinglish, will enable real time registration of claims, 24-7. It has been currently introduced for garage owners and will be offered to all customers as well in a month or two. The AI Voice Bot will assist EGI’s garage representatives in easier, faster and hassle-free registration of claims. There is also no wait time unlike a normal call to the customer care. Once you dial in, the AI Voice Bot will guide you on the claim intimation process in real-time.

In addition to being a claims assistant, the AI Voice Bot can answer questions raised by the garage representatives, thereby delivering a holistic and superior experience. While the AI Voice Bot successfully handles queries, right from discovery to providing the claims registration number without any human intervention, it also seamlessly escalates complex queries to EGI agents, collaborating the combined intelligence of humans and AI. The AI Voice bot is also capable of tackling the issue of background noises that one usually experiences in garages, thereby creating an elevated and consistent experience.

Commenting on the launch, Shanai Ghosh, Executive Director & CEO, Edelweiss General Insurance, said, “Our vision is to make insurance easy, friendly and transparent and our AI Voice Bot is another step in this direction. We are happy to partner with Yellow.ai in this digital transformation journey. While the Bot will definitely offer easy, seamless, and superior experience to our customers, it will also enable and empower our distribution agents and partners to be more efficient and effective and enhance their capabilities.”

Raghu Ravinutala, CEO and Cofounder, Yellow.ai said, “We are delighted to implement an AI Voice Bot for Edelweiss General Insurance. With varying dialects in India, our technology allows tailoring speech recognition models to adapt to users’ speaking styles, expressions, and unique vocabularies, and also to accommodate background noises, accents, and voice patterns. Our voice bots have superior context based intent identification to help understand queries better, provide insights from customer interaction that constantly improve bot performance and understand consumer behaviour.”

The AI Voice Bot is optimised for advanced query handling that includes post-processing for proper nouns such as names, area names and driving license numbers. It also supports seamless integration between Yellow.ai and EGI’s APIs. For instance, once the claims are registered, real-time emails and SMS are sent to both the Claim Service Office (CSO) and the customer, simultaneously sharing the details of the claim registered. Moving forward, the Voice bot capabilities will be further enhanced to include more languages and use cases, covering a wider range of customer service functions.

Previous Article

February 03, 2022

Intellect Design Arena appoints Uppili Srinivasan as President

Read More
Next Article

February 03, 2022

Marathon Ventures launches $26m fund to accelerate startup growth

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Digital Transformation

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Aurionpro acquires Arya.ai to offer AI solutions for Banks, FIs & Insurers globally

Read More

April 19, 2024

Percayso partners with TransUnion UK on credit data

Read More

April 16, 2024

Finastra adds AI ESG scoring into working capital solution with TradeSun

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023