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National DefTech Summit 2023
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National DefTech Summit 2023
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Tech ObserverNewsBFSIICICI Lombard eyes tech upgrade, partners Microsoft to automate audits of service calls

ICICI Lombard eyes tech upgrade, partners Microsoft to automate audits of service calls

The deployment of Microsoft’s Azure AI tools will allow ICICI Lombard to improve the accuracy of its quality audits

The deployment of Microsoft’s Azure AI tools will allow ICICI Lombard to improve the accuracy of its quality audits

In a technology upgrade, private sector general insurer has tied up with to strengthen and automate its quality control processes. The insurer plans to deploy 's () tool Azure Speech Services and Natural Language Processing (NLP) to screen its daily service calls made by customer service reps.

The deployment of Azure's artificial tools will allow ICICI Lombard to improve the accuracy of its quality audits. According to , ICICI Lombard's chief technology officer, the use of cognitive intelligence technology will help automate quality checks within the company.

According to the company, earlier such processes required the company to manually screen a sample of 20% of the over 1000 calls a day that the company made for potential improvements. “The improved efficiency will enable ICICI Lombard to improve its customer service. The new system allows Lombard to screen 100% of its calls now,” Nayak said.

The new technology will also help the company solve the multiplicity of languages, with customers often switching between English and Hindi during calls, says Microsoft national technology officer Rohini Srivathsa.

Microsoft's technology is also able to automate its Quality Assurance process to remove human bias from customer calls, resulting in improved customer outreach, increased productivity and consistency across the audit system, according to Srivathsa. Further, the tools easily process customer queries in Hindi and English and detect insurance-specific keywords easily.

Azure Speech Services provide a wide range of speech recognition and generation capabilities including speech transcription, text-to-speech, speech translation, and speaker recognition.

ICICI Lombard is converting Speech to Text leading to 90% accuracy on important key phrases such as Registration Number, according to the executives. The service is enabled through API protocols that allow ICICI Lombard to customise its automation processes in line with changing specifics.

Previously, ICICI Lombard has also partnered with Microsoft to automate its motor claims process using Microsoft's AI technology to settlements based on photos of the insured vehicles uploaded by the customers.

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