Kyber launches AI-powered platform to revolutionise claims notification process for insurance teams

Kyber, an AI-driven startup backed by Y-Combinator, has launched an innovative platform aimed at automating the claims notification process for insurance teams.

Kyber, an AI-driven startup backed by Y-Combinator, has launched an innovative platform aimed at automating the claims notification process for insurance teams.

The new platform addresses inefficiencies in the claims notification process, which has long been a time-consuming challenge for insurance adjusters, according to InsurTech Insights.

Manually drafting, reviewing, and sending complex documents such as Denial Letters and Reservation of Rights notices creates bottlenecks, delays, and risks of non-compliance.

This improves workflow efficiency by speeding up document preparation and enhancing compliance with internal and regulatory requirements.

Additionally, Kyber’s platform offers omnichannel delivery through both physical and digital channels and integrates seamlessly with claims management systems like Guidewire and Snapsheet.

By automating claims notifications, the platform allows adjusters to save over 25% of their time, enabling them to focus on higher-value tasks. This time-saving capability, combined with improved accuracy and compliance, makes Kyber’s solution a powerful tool for insurance teams.

Kyber co-founder Arvind Sontha commented, “We created Kyber to address inefficiencies in the claims notice process. By automating this tedious task, adjusters can work faster, more accurately, and with greater satisfaction, ensuring a more transparent and consistent process.”

Copyright © 2024 InsurTech Analyst

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