Sara, a 50-year-old working professional, was in a car accident. She suffered some serious injuries and submitted a claim for permanent partial disability benefits with her insurance company. Her personal physician had already provided detailed documentation. But her insurance company requested her to attend an examination with another doctor, provided by them. This doctor, they said, is an "insurance doctor." Now, this was something new to Sara. But is it a new concept? Let us find out. Who Is an Insurance Doctor? Insurance doctors play a critical role in the insurance sector, which is quite underrated and misunderstood. Most of us assume that they actually replace the role of our treating physicians, but that is not the case. Our physicians treat us in case of any mishap, but they do not assess or evaluate our level of injury or disability. But then, who actually does it? This work is done by Insurance doctors, which, in turn, impacts or affects our insurance benefits. Th...
Financial Insights In Business Using AI: You might be planning to take your business to new heights, introducing new product lines and exploring new markets. But do you have a clear insight into your businesses' financial health? Have you designed any process to track your cash reserves on a day-to-day basis, and keep your financial details updated, so that any sudden business decision becomes easy? Role of AI in finance and business: Expansion and grabbing new opportunities to reach the next level requires real-time monetary updates and financial insights, so that it is possible to assess whether any new step will get the necessary funding from the company to make it a success. Traditional methods of tracking income and expenses, cash reserves, debt and credit situation, taxes, and insurance covers, do not provide strong support. But Artificial Intelligence does. From the point of view of accuracy, automation, long-term visibility, and real-time reporting, AI can handle it all, wi...