Shares of Star Health and Allied Insurance may remain in focus on Wednesday, June 25, after the company announced a strategic partnership with Medi Assist to enhance its claims management system through artificial intelligence (AI) and digital tools.
In an exchange filing, Star Health said the collaboration will enable the adoption of MAtrix, an AI-powered claims platform developed by Medi Assist. The move is aimed at delivering faster settlements, reducing fraud, and improving customer engagement.
Star Health’s Managing Director and CEO Anand Roy said the partnership is a milestone in the company’s journey towards building a more agile and technology-driven claims ecosystem. “Claims are at the heart of the insurance experience, and with Medi Assist’s platform, we are enhancing speed, accuracy, and consistency, while focusing on fraud prevention,” he added.
The new platform introduces intelligent automation, reduces manual intervention, and streamlines workflows. It also enables AI-powered chatbots, virtual assistants, and omnichannel support, including integration with WhatsApp and mobile apps.
Additionally, Star Health said the partnership will allow real-time data exchange with stakeholders like hospitals and the National Health Claims Exchange (NHCX) through a unified API architecture.
Medi Assist CEO Satish Gidugu said the partnership will set new industry standards for technology-driven insurance operations.
Star Health closed FY25 with a gross written premium of Rs 17,553 crore and a net worth of Rs 8,668 crore. The company currently operates over 913 offices and has partnerships with more than 14,000 network hospitals.
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