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Company Showcase: Mains Laboratory – Revolutionizing the Insurance Industry with AI Solutions

As the world becomes increasingly digitized, industries are racing to keep up with the latest technological advancements to optimize processes, minimize inefficiencies, and improve customer experience. The insurance industry is no exception. Mains Laboratory, a focused AI developer for Health and Mobility, is at the forefront of this technological revolution. Based in Tallinn, Harjumaa, Estonia, Mains Lab is helping insurance companies, manufacturers, fleet owners, carsharing companies, banks, and leasing companies build efficient and error-free processes with their innovative solutions.

Health Anomalies Detection – Saving Insurers Up to 4.5% on Claims Payouts

One of Mains Lab’s key products is Health Anomalies Detection, which uses machine learning solutions to help insurers work through excessive claims and reduce claims payouts by up to 4.5%. The technology identifies suspicious services that should not have been provided based on given diagnoses, medical standards, or the insurer’s rules. By detecting and addressing fraud and inefficiencies, insurers can save a significant amount on their profit and loss (P&L). Moreover, this technology can also help clinics evaluate doctors and assist governments in overseeing healthcare standards and rating clinics.

Car Damage Assessment and Calculation by Photo – Faster Payouts and Minimized Inaccuracies

Another groundbreaking product developed by Mains Lab is Car Damage Assessment and Calculation by Photo. This technology combines artificial intelligence with human expertise to create fast and accurate assessments. With this solution, insurers can increase straight-through processing, minimize operational costs, and avoid inaccuracies. The software is purely web-based, and photos can be taken from any device, including smartphones, tablets, etc. By using this solution, insurers can achieve faster payouts and provide an enhanced customer experience. Mains Lab is already working with leading insurers in the home market, including Allianz and Generali.

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Plug-and-Play Solutions – Revolutionizing the Insurance Industry

Mains Lab is committed to inventing plug-and-play solutions that can help insurers and other industry players build efficient and error-free processes. By doing so, they are helping insurers and other industry players save up to 15% on their P&L by fighting against inefficiencies and fraud. Their solutions are focused on Health and Mobility, which are two key areas that have the potential to benefit the most from AI solutions. With Mains Lab’s innovative technology, insurers can minimize operational costs, reduce fraud and inefficiencies, improve customer experience, and increase profitability.

Conclusion

Mains Lab is a startup that is revolutionizing the insurance industry with its innovative AI solutions. The Health Anomalies Detection and Car Damage Assessment and Calculation by Photo are two of their key products that are helping insurers save significant amounts on their P&L by fighting against fraud and inefficiencies. Mains Lab’s plug-and-play solutions are helping insurers build efficient and error-free processes, and their focus on Health and Mobility makes them a leader in this field. With Mains Lab’s technology, insurers can minimize operational costs, improve customer experience, and increase profitability.

Website: https://mainslab.ee/

Facebook: https://www.facebook.com/mainslaboratory

LinkedIn: https://www.linkedin.com/company/mains-lab


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