Setting a New Standard for Document Processing in Commercial Insurance
Ben Platts discusses our track record & expertise in the insurance sector.
Delivering results for Insurance Enterprises
& Slip Extraction Accuracy
Policy Comparison Accuracy
Insurants Solving Challenges in Commercial Insurance
Large broking firms need to process hundreds of thousands of complex commercial policy documents and endorsements hundreds of pages long every year. Using a variety of data hunting techniques, data validation, and business logic Insurants can deliver highly accurate results consistently over a wide range of document variants.
Commercial Insurance Slips
Brokers face a challenge in extracting information accurately and at scale from scores of data points in property and FinPro documents. Automating using Insurants, We achieves highly accurate results by applying data extraction and business rules to unstructured, and often low-quality, inputs from multiple markets.
Policy comparison for major global brokers can easily encompass upwards of 50,000 document variations from 450+ carriers over 70+ coverages. Insurants can extract and compare scores of data points and carry out multiple checks on 100s of data items. Insurants can handle all these through pattern recognition and without templating.
Leader at Mercer
Using CMR+ creates value-added work for skilled workers. A lot of the manual back and forth, such as emailing Excel files and PDFs, is now gone… leaving more time for employees to tackle jobs that demand more skill.
Insurants Thrives on Volume and Complexity of Data
Our Client Outcomes
Mercer Improves Processing
Speed By 70 Percent
Insurance renewals and quotations were consuming the valuable time of skilled staff and yet were error prone. AntWorks helped boost customer retention and business growth with an accuracy rate of over 76% and processing time down 70%.
Sr Digital Transformation Analyst
“AntWorks CMR’s high accuracy across the tested document types, even with small training sets, and its outstanding ease-of-use allows buyers to democratise the use of document cognition across the organisation easily.”
Meet AntWorks' Global Insurance Team
Head of Global Insurance
Head of Knowledge, Insurance, AntWorks
Insurance Sector Resources
Taming the Paper Juggernaut
Through our collaboration with Marsh, we’ve learned valuable lessons in managing and automating specific workflows relating to commercial insurance. A key takeaway was that a generic IDP platform just won’t cut it.
The Race for Data
Command of data will be crucial to determining who wins out in a competitive insurance market. Insurants lets your best people work smarter while processing your data faster and more accurately.
Reshaping the Commercial Insurance Industry
AI’s rapid advancements in managing unstructured content are reshaping commercial insurance. Despite unchanged business needs, their handling is on the brink of a transformative shift.
Why Data wil rule Future Insurance and how to master yours
Successful digital transformation
Looking to transform your business with Intelligent Document Processing? Read this first. Hot tips to make automation work for you.
Commercial Insurance Webinar
Join Intelligent Automation expert, Kieran Gilmurray, and AntWorks CEO Mike Hobday as they dissect how digitisation is transforming insurance.
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