Using AI to Streamline Document Processing in the Insurance Industry

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