Sunday, March 3, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsBFSIICICI 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

Follow Tech Observer on Google News

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

Google News

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 Microsoft's (AI) 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 Girish Nayak, ICICI Lombard's , 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.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

MediBuddy appoints Kuldeep Singh to head engineering division

Online healthcare platform MediBuddy has announced the appointment of Kuldeep Singh as the Senior Vice President and Head of Engineering.

RELATED ARTICLES