Allianz Insurance’s Litigation Forecast Study

Trendify has progressed by using 2 different artificial intelligence-based solutions at Allianz.

Project Timeline

Thanks to the developed product, the litigation status of the file is estimated, and a warning can be provided to Allianz Insurance for the case of handling the damage file separately in the process or re-evaluating the compensation amount paid to the file.
December 2020
Business Understanding + Data Understanding
January 2021
Data Preparation + Data Modelling
February 2021
Deployment

Project Challenges

By means of the actions, it is aimed to predict the number of cases filed at Allianz Insurance
Trendify can Allianz Insurance with an accuracy of 78% when the file is opened and 91% when the file is closed.
With this project, cases were not litigated substantially and this made %10 cost saving for company
Trendify Forecast provides effective long-term results

Our Solutions for Allianz

  • Natural Language Processing Methods
    In the product developed by Trendify Analytics, using natural language processing methods, health reports were made regular and functional, allowing analysts to make queries in a short time.
  • Explanatory Artificial Intelligence
    Explanatory artificial intelligence modules were used to the estimation and probability result for each file, it was shared with Allianz Insurance, from which characteristics this result was obtained.

Results

Thanks to the Trendify product, it will provide Allianz Insurance significant long-term gains both in terms of material and workforce.
  • High Accuracy
    Trendify can estimate Allianz Insurance with an accuracy of 78% when the file is opened and 91% when the file is closed.
  • High Return
    With this project, cases were not litigated substantially and this made a profit for company.
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