Using AI to Streamline Document Processing in the Insurance Industry

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Presented by

Steven Levine, CMO, Cortical.io

About this talk

While Artificial Intelligence (AI) has gained traction with enterprises in other industries, insurance providers have been slower to adopt. In 2016, research by Deloitte noted that less than 2% of insurance companies were currently investing in artificial intelligence technologies. This same research noted that overall funding in AI development was projected to reach $47 billion by 2020. Today, as AI has become prevalent, more and more insurance companies are looking for advanced solutions that will help them effectively process their repositories of day-to-day paperwork and the unstructured data they contain. Intelligent Document Processing (IDP) platform solutions that leverage AI technology are uniquely positioned to help these companies realize significant gains. Listen to this talk to learn more about: - the challenges of automating document processing - advances in natural language processing that overcome these challenges - 3 example use cases from the insurance industry that can be streamlined with IDP: quoting, policy compare, submissions & claims

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Cortical.io delivers highly efficient AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). Cortical.io SemanticPro is an intelligent document processing solution that accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation. With more than 10 years expertise in implementing NLU solutions in the enterprise, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across many use cases and verticals for Fortune 500 companies.