Enhancing Agent Interactions and Decision-Making in Insurance with Intelligent Technologies

Authors

  • Sanket Das

Keywords:

Insurance Industry, Agent Interaction, Decision Analytics, Risk Assessment, Customer Engagement, Predictive Models

Abstract

The insurance sector is increasingly leveraging advanced technologies to enhance agent-client interactions and enable data-driven decision-making. This study demonstrates how sophisticated algorithms and data analysis tools improve communication, optimize processes,and deliver precise outcomes in underwriting, claims management, and risk assessment. The results reveal that Gradient Boosting Machines (GBM) achieved superior performance with a customer need prediction accuracy of 92.5%, policy recommendation precision of 91.8%, fraud detection integration success of 94.2%, and risk assessment efficiency of 93.7%, surpassing Random Forest (RF) across all metrics

References

Kasaraneni, B.P., 2021. AI-Driven Policy Administration in Life Insurance: Enhancing Efficiency, Accuracy, and Customer Experience. Journal of Artificial Intelligence Research and Applications, 1(1), pp.407-458.

Nicoletti, B., 2020. Insurance 4.0: Benefits and challenges of digital transformation. Springer Nature.

Verma, J., 2022. Application of machine learning for fraud detection–a decision support system in the insurance sector. In Big data analytics in the insurance market (pp. 251-262). Emerald Publishing Limited.

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Published

2024-12-31

How to Cite

Sanket Das. (2024). Enhancing Agent Interactions and Decision-Making in Insurance with Intelligent Technologies . Journal of Computational Analysis and Applications (JoCAAA), 33(08), 1353–1371. Retrieved from https://eudoxuspress.com/index.php/pub/article/view/1658

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Articles

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