Systems and methods for multivariate artificial intelligence (AI) smart cards

A system for automatically classifying multimedia claim data utilizing Artificial Intelligence (AI), comprising:

• an electronic processing device;
• and
• a non-transitory computer-readable memory device storing instructions comprising (i) a claim similarity AI model, (ii) a claim severity AI model, (iii) a claim pricing AI model, and (iv) an AI chat module, wherein execution of the stored instructions by the electronic processing device results in:
• receiving, by the electronic processing device and from a mobile application of a mobile electronic device of an insured party and as an initiation of a process to submit a current insurance claim, an indication of computer-readable data stored on a smart card;
• identifying, by the electronic processing device and utilizing the data stored on the smart card, a two-factor authentication challenge;
• transmitting, to the mobile electronic device of the insured party and in response to the identifying of the two-factor authentication challenge, the two-factor authentication challenge;
• receiving, from the mobile electronic device of the insured party, an indication of a response to the two-factor authentication challenge;
• authenticating, by the electronic processing device and utilizing the response to the two-factor authentication challenge, the insured party;
• converting, by an execution of the claim similarity AI model by the electronic processing device and utilizing a first mathematical model, the data stored on the smart card into a first number;
• receiving, from the mobile application of the mobile electronic device of the insured party, an indication of sensor data obtained by the mobile electronic device;
• converting, by an execution of at least one of the claim similarity AI model and the claim severity AI model by the electronic processing device and utilizing a second mathematical model, the sensor data into a second number;
• generating, by an execution of the AI chat module by the electronic processing device and based at least in part on the data stored on the smart card, at least one chat query;
• receiving, from the mobile application of the mobile electronic device of the insured party and in response to the generating of the at least one chat query, an indication of a textual chat response from the insured party;
• converting, by an execution of at least one of the claim similarity AI model and the claim severity AI model by the electronic processing device and utilizing a third mathematical model, the textual chat response into a third number;
• comparing, by the electronic processing device, utilizing the first, second, and third numbers, and by accessing a database storing data descriptive of a plurality of historic claims data, the current insurance claim to previous insurance claims;
• identifying, by the electronic processing device and based on the comparing, at least one previous insurance claim that is numerically similar to the current insurance claim within a predefined confidence threshold;
• computing, by an execution of the claim pricing AI model by the electronic processing device and utilizing claim payment data stored with respect to the at least one previous insurance claim, a resolution for the current insurance claim;
• and
• transmitting, by the electronic processing device and to the mobile electronic device of the insured party and in response to the computing of the resolution for the current insurance claim, a visual indication of the resolution for the current insurance claim.