Understand the true DNA of an insurance portfolio

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:

  • Improved understanding and full querability of the portfolio and claim composition
  • Faster reserve release, to lower solvency capital requirements and cost of capital.
  • Earlier identification of potential under or over reserved claims.
  • Reservation recommendations.

    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).

Five distinct value cases

360 view of the portfolio

Full searchable documents and claims
New data points
Detailed understanding of portfolio composition
Enhanced actuarial analysis

Prediction of future claims development

More accurate reserves and future settlement forecasts
Optimising internal resource planning for future claims handling
Optimising reserves and potential capital release

Extraction and mining of key data

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

Flagging of critical claims

Review and prioritization of critical claims that require immediate action
Freeing up operational resources

Real time, full scope post M&A portfolio audit

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

Automating data extraction & document processing using AI.

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.

Establish one single source of truth for the claims management.

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:

  • Full-text search across all claims and documents.
  • Automated operational workflows supported by AI (e.g. reserve adjustments, payments)
  • Automation of outgoing information (e.g. settlement letter, payment confirmations).
  • Triage Engine for critical documents and claims.