PARIS and BOSTON, June 3, 2021 /PRNewswire/ — Shift Technology, a supplier of AI-driven choice automation and optimization options for the worldwide insurance coverage trade, at this time introduced that Aéma Groupe, a longtime shopper of Shift (through the affiliate La Macif), is extending its collaboration with the corporate. Aéma Groupe is growing its use of InsurTech and AI to standardize the mechanisms it makes use of to counter fraud, cash laundering and the financing of terrorism throughout all its enterprise traces. The general purpose of the partnership is to centralize all Aéma Groupe’s processes and knowledge to boost the efficiency of the AML/CFT mechanism.
A bunch strategy to compliance with AML/CFT rules
In line with its values as a mutual insurance coverage firm, in 2018 La Macif carried out a complete technique to uncover and struggle fraud in its core Property and Casualty (P&C) enterprise. Working with Shift, Aéma Groupe is extending these efforts to its well being and contingency traces of enterprise. Since AML/CFT methods are extremely regulated and name for detailed, uniform buyer information on the a part of the completely different enterprise models, Aéma Groupe – bolstered by its already profitable collaboration in P&C – chosen Shift.
“The success of the actions undertaken within the space of vehicle insurance coverage, and subsequently in dwelling insurance coverage, in addition to the necessity to centralize all of our processes and automate the AML/CFT processes, led us to show to Shift as soon as once more,” defined Christophe Raballand, Inner Audit and Compliance Supervisor of Aéma Groupe. “The Shift resolution locations AI and knowledge science on the service of automation.”
An agile resolution primarily based on AI, designed to unify knowledge, and facilitate choice making.
Aéma Groupe needed to implement an automatic resolution unified to ship a worldwide imaginative and prescient of its exercise. Sharing and processing the info of consumers with a number of completely different contracts (P&C, life, well being, and contingency) inside a single device will permit the group to be way more environment friendly as a result of it is going to now not have to course of and analyze all the info manually, and duplicate actions might be averted. This technique additionally expedites the alternate of knowledge between groups. Shift’s progressive AI-based know-how allows the group to automate all business practices and processes, rationalize the intensive knowledge regarding buyer information and enhance its operational effectivity.
“Aéma Groupe is satisfied of the worth of our options, and as such has already used Shift to fight fraud for a number of years. We’re proud to now have the ability to assist the group in resolving different issues in all of its enterprise traces. Our Shift Insurance coverage Suite permits Aéma Groupe to create an in depth bond with these it insures,” stated Benoit Legros, vp, Buyer Success, Shift Know-how.
In addition to utilizing know-how, Aéma Groupe additionally depends on the abilities and market expertise of Shift’s groups to proceed evolving its group on this area.
About Shift Know-how
Shift Know-how delivers the one AI-native choice automation and optimization options constructed particularly for the worldwide insurance coverage trade. Addressing a number of important processes throughout the insurance coverage coverage lifecycle, the Shift Insurance coverage Suite helps insurers obtain quicker, extra correct claims and coverage resolutions. Shift has analyzed billions of insurance coverage transactions so far and was introduced Frost & Sullivan’s 2020 International Claims Options for Insurance coverage Market Management Award. For extra data, please go to www.shift-technology.com.
SOURCE Shift Know-how