Optical Character Recognition (OCR) converts scanned images to text, and it has played an important role across many industries. throughout the years, For commercial Insurance underwriting, OCR is just the first step in the innovative process
Underwriters can accurately identify optimal rates based on the individual customer for optimal risk management. Since AIdot read, analyzed, and understood all the core information across the underwriting lifecycle delivering the best results
Now, Insurance Firms can leverage our intelligent AIdot Systems to cut contract review and document comparison by 80%. In other words, what took weeks or months, now we can accomplish this in minutes with the highest accuracy and efficiency.
Use AI and ML to quickly identify and interpret regulatory policies published across hundreds of various web portals so you can improve content information with granular accuracy and compliance processes. Delivering error-free agreements to your clients.
Hidden in your contracts and documents lies your most valuable information. Leverage AIdot System’s latest Artificial Intelligence and Machine Learning technology to extract insights that move the needle towards business growth.
AIdot System (SaaS) allows insurers to know what they agree to in their vendor and business relationships. Use AIdot to inform business and operational strategies, reduce time and market, improve margins and drive towards increasing new revenue.
Use the AIdot System to uncover essential data within your portfolio of sales, licensing, and other agreements. Powered by this data, insurers can create products that are innovative and ahead of the curve – meeting the clients’ demands.
Insurers can also validate the development of best-in-class product offerings by gaining access to granular comparisons across multiple competitor offerings. Uncover the vital information you need to make the best decisions for your business with the AIdot System.
AIdot System - Highly accurate intelligent search service powered by Machine Learning and Natural Language Processing giving you agility and advantage over competition.
Artificial Intelligence assists us in collecting information from documents to reduce review times and improve operational efficiencies with unsupervised learning from data sets.
Research shows that companies see a conversion cost reduction of up to 20% when using AI to improve core business processes. So while AI may seem intimidating at first, the benefits are well worth the investment.
Data is fast becoming one of the most - if not the most - a valuable assets for any organisation. The insurance industry is no different.
In augmented chess, moderate players enabled by AI manage to do better than expert chess players enabled by the same AI
More than half of claims actions have been replaced by automation. Advanced algorithms increase efficiency and accuracy.
The underwriting process is reduced to minutes as the majority of underwriting is automated and supported by a combination of Machine Learning (ML)
Enough information is known about individual behaviour, with AI algorithms creating risk profiles, so completing the purchase will be reduced to seconds.
Insurers have big ambitions for AI, defined as a cloud system that can understand their environment, then think, learn and take relevant action in response
Shift away from tedious, manual, time-consuming, and labor-intensive document reviews and focus on allocating time more wisely for greater productivity. Find new balance with the AIdot System to help lower incidences of burnout. The young generation is eager to try Automation and Artificial Intelligence in their daily scope of work and widen their Horizons.
Your insurance organization’s legal, financial, compliance, and risk teams can proactively analyze exposure areas with the AIdot System.
So get the visibility you need in your contracts and agreements to make more informed decisions.
“We know that Automation, Artificial Intelligence is changing the quality of products and services in the Insurance industry. With our AIdot System, we want to provide better methods to handle data and improve customer experience. Furthermore, we want to simplify, make agile and redefine legacy processes to make them more efficient.”
