Qantev

by Qantev

AI Application

Low Confidence

Qantev is a SaaS AI claims platform for health and life insurance. It enables insurers to automate claims operations end-to-end across three modules: Claims Registration (AI-driven capture, cleaning, enrichment and digitization of claims data from any document type in any language), Claims Management (automated claims processing to reduce leakage and improve loss ratios), and Fraud, Waste & Abuse detection (specialized AI models that flag fraudulent claims and support SIU investigations). Intended users are health and life insurers, their claims operations teams and special investigation units. Evidenced use cases across 20+ insurer clients globally include automating claims registration, streamlining claims processing, and detecting fraud, waste and abuse; Qantev reports 3-6x ROI within 24 months, ~10% reduction in claims total costs, 99% OCR accuracy on printed and 90% on handwritten documents, and a 72% fraud/waste/abuse detection hit rate.