DRILLER is a powerful deep analytics tool that enables to digitize and drill into insurance portfolios by analyzing structured and unstructured data.
DRILLER allows for:
The tool is powered by artificial intelligence models that support the analysis of a portfolio and claim and predict potential adverse development of a claim (severity score).
Full searchable documents and claims
New data points
Detailed understanding of portfolio composition
Enhanced actuarial analysis
More accurate reserves and future settlement forecasts
Optimising internal resource planning for future claims handling
Optimising reserves and potential capital release
Identification of characters, numbers and sentiment
Identification of new claim tags
Identification of service providers and counter parties
Classification of documents and identification of claim characteristics
Review and prioritization of critical claims that require immediate action
Freeing up operational resources
Full automated analysis of the portfolio
Analysis of the whole portfolio and not only a sample, in matter of days
Identification of critical claims with artificial intelligence
The manual review can be re-focused only on the really critical claims
Our AI-powered Intelligent Document Processing (IDP) software, GRABBER, is able to classify, categorize, and extract relevant information and validate the extracted data from a variety of document formats with speed and accuracy, so as to support automation of high-volume, repetitive document processing tasks. It uses AI technologies to deliver 80% manual work reduction and time saved as well as significant overhead cost reduction.
HUSTON is a collaborative claims handling and digital file management system with integrated document management that supports structured and unstructured data.
Documents are automatically pre-processed and prepared for the claim agent by an artificial intelligence model: