Insurance

Transforming Insurance with Cutting-Edge Insurtech

Transforming Insurance Operations for a Digital Future

As new competitors join established leaders, the insurance sector is experiencing unprecedented competition. Today, the insurance industry faces numerous critical challenges, including enriching customer experience, fraud detection, issues with risk assessment and pricing, reduced operational efficiency, underwriting accuracy, market penetration difficulties, and the need for product innovation.

Drawing on decades of experience in Insurtech solutions, Binary Semantics has revolutionized insurance operations. We leverage our unique proficiency in Insurtech, cloud services, traditional AI, GenAI, IoT, telematics, and data analytics to develop customized platforms and solutions for insurers and insurance service providers. Our comprehensive suite of solutions empowers you to streamline operations, enhance customer experiences, and stay ahead in the ever-evolving insurance landscape.

Insurtech Platform for Every Insurance Needs

Comprehensive Insurtech Solutions

Integrated solutions for Core Insurance Systems including customized Partner Portal facilitations and Customer Portal enhancements.
End-to-end insurance lifecycle operations designed for Insurers, Automotive OEMs, Brokers, MISPs, Web Aggregators, Embedded Insurance Service Providers and others.

Digital Insurance Platform

Next-gen AI-powered insurance distribution platform with customized insurance distribution for every insurance service provider.
Leverage Voice-based assistants (Alexa, Google Home)
Implement Automated Messages with curated reply on platforms such as WhatsApp, e-mail and SMS.

Generative AI-powered Chatbots

Deploy AI chatbots on websites, WhatsApp and various channels to enable lifecycle policy operations, with automated routine inquiries and tasks.
Offer personalized customer interactions, address their queries, provide tailored recommendations, minimize human error in data collection and processing.

BI & Analytics

Anticipate future claims and adjust strategies.
Identify suspicious patterns and potential fraud, assess risk profiles to set appropriate premiums and coverage terms.
Tailor insurance products and services to individual customers foster stronger relationships through personalized communication.

Taxtech

Optimize operations, reduce compliance risks and reputational harm with timely and accurate GST return filing, reconciliation, and seamless ITC management on cloud-suite of GSTrobo.
Reduce increased scrutiny from regulators in the insurance industry with our robust Litigation management tool.
Simplify the indirect tax treatment of premiums, commissions and claims through GSTrobo’s tailored features like full vendor management, 40+ smart reports, CFO dashboard and more.

Cutting-Edge Smart Tools

Usage-Based Insurance

Use telematics data to seamlessly implement pay-as-you-go and pay-as-you-drive models to enhance vehicle monitoring, improve claims accuracy, and boost customer satisfaction.

IDocrobo

Our GenAI Document Processing ensures effortless data extraction from insurance, underwriting and KYC documents, claims forms, insurance contracts, and completely redefine the document data utilization and analysis.

Workforcerobo

Mark real-time attendance, dynamically schedule customer field visits, get online meeting notes, create dedicated insurance document checklists and track insurance agent movement in real time.