solution

AIdot for Insurance firms

Unlock the value of data to start growth and tap into new markets

Forecast business outcomes easily and accurately using Machine Learning

Data is providing vital opportunities. With the AIdot , businesses can unlock this data and stay ahead of the curve, navigating regulatory and capital uncertainties

AIdot uses Intelligent scoring algorithms to rank passages and provides users with the most accurate answer to their query from multiple contents documents.

Document Comparison within AIdot allows you to compare source documents with reference documents to check for content or missing vital paragraphs.

We created AIdot System to off-load your employees from tedious, repetitive tasks so they can focus on products and experiences that consumers demand

AIdot.cloud - AI. Intelligent Cognitive Search and Document Comparing

Intelligent AIdot System to speed up underwriting process

We can already help Insurers analyze, read, comprehend, and find evidence in claims and speed up the underwriting process. Having data at hand, they can evaluate potential customers to determine their risks. AIdot System is the central processing engine for all your data, helping insurance companies save time and money by improving operational efficiencies in claims management and customer service.

Assisting Insurers with forecasting

With powerful, intelligent solutions, we can assist Insurance companies in forecasting with Machine Learning algorithms to optimize forecasts. The system selects a model that is uniquely suited for the particular business metric, reducing errors by 30 to 50%

AIdot.cloud - AI. Intelligent Cognitive Search and Document Comparing

Automation

How is Automation AI used in Insurance Industry?

Increased access to data and insights. The practical insights to the right people at the right time. Consistent employee performance. Faster, better, data-driven decisions.

In the Insurance Industry, AI is transforming underwriting, customer service, claims, marketing and fraud detection. Our AIdot System will help you to comprehend information from documents - a Central processing engine for all data

Use cases

Rapid Document Digitalisation - OCR

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

AI is helping the underwriting 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

Data Review, Document Comparing

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.

Mitigate regulatory and compliance risks

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.

Expand and Cultivate your Client base

Be prepared to make decisions based on your most valuable data.

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.cloud - AI. Intelligent Cognitive Search and Document Comparing
AIdot.cloud - AI. Intelligent Cognitive Search and Document Comparing

Accelerate new partnerships, Expand Market presence.

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.

Access the data you require to forge leading insurance products

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.cloud - AI. Intelligent Cognitive Search and Document Comparing

Accuracy

AIdot System - Highly accurate intelligent search service powered by Machine Learning and Natural Language Processing giving you agility and advantage over competition.

Efficiency

Artificial Intelligence assists us in collecting information from documents to reduce review times and improve operational efficiencies with unsupervised learning from data sets.

Cost savings

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.

Automation

Innovative technologies in Insurance Firms

Underwriters are today facing increasing challenges in their field of operations. More and more players appear on the market hence many are looking for solutions to improve offers addressed to clients. Such opportunities are created by AI and ML technologies in the Cloud Platform. Our AIdot System will assist Insurance Firms to have an advantage over the competition

Assisting insurers to prepare
for accelerating changes

Execute comprehensive data strategy

Data is fast becoming one of the most - if not the most - a valuable assets for any organisation. The insurance industry is no different.

Create the right talent and technology

In augmented chess, moderate players enabled by AI manage to do better than expert chess players enabled by the same AI

Claims processing primary function of carriers

More than half of claims actions have been replaced by automation. Advanced algorithms increase efficiency and accuracy.

Underwriting and pricing

The underwriting process is reduced to minutes as the majority of underwriting is automated and supported by a combination of Machine Learning (ML)

Distribution

Enough information is known about individual behaviour, with AI algorithms creating risk profiles, so completing the purchase will be reduced to seconds.

Challenges

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

Insight

What is the value proposition?

AIdot System using innovative, latest technologies such as AI and ML is a potent and precious tool. It essentially allows computer systems to think and behave like humans, at much faster speeds and with much more processing power to review and comprehend information within documents.

AIdot.cloud - AI. Intelligent Cognitive Search and Document Comparing

Increase Employee Experience and Satisfaction

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.

Improve operational efficiency and mitigate risks across the organisation

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.

AIdot.cloud - AI. Intelligent Cognitive Search and Document Comparing

“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.”

Top Questions about AIdot System

Our goal from the start was to build a system that is easy to use self-explanatory. The fundamental reason is so easy is because AI/ML/NLP is doing all the challenging, tedious, boring work in the back-end.

Security in AIdot System is paramount AIdot System is hosted in AWS Cloud, the best in class Cloud infrastructure with an array of security tools to help secure, maintain, and secure at 100% all the time

Imagine you have to review 200+ very similar documents; however, because of business requirements, the data in those documents have to be very accurate.

Ready to see how AIdot System
can help you gain a competitive edge?