Tag: AI Technology

  • Mitigating Knowledge Transfer Risk

    Mitigating Knowledge Transfer Risk

    It is well documented that a significant portion of the insurance industry workforce is rapidly approaching retirement. The industry faces a dual risk of not only finding sufficient interested candidates to fill jobs that will become available on retirement but also with replacing the knowledge and experience that departs when long term employees retire. 

  • Automating Extraction and Conversion of Unstructured Data 

    Automating Extraction and Conversion of Unstructured Data 

    The automated extraction and conversion of unstructured data found in primary source documents, reports, records and other medium to structured data that can be used for analysis is the most significant step in the evolution of data analytics.

  • Social Inflation & ChatGPT

    Social Inflation & ChatGPT

    Social Inflation is a key issue for the Insurance Industry.  We asked ChatGPT to define Social Inflation, to identify the causes of Social Inflation and to address how to reduce Social Inflation.  And the answers are:

  • Artificial Intelligence Using Large Language Models Can Accurately Evaluate Risk in Liability Claims

    Artificial Intelligence Using Large Language Models Can Accurately Evaluate Risk in Liability Claims

    Rapidly the Insurance Industry has moved beyond discussing whether the Insurance Industry should use AI and LLMs to identify the best use cases for these new techniques and implementing solutions.

  • Reduce Risk in Your Contracts with Artificial Intelligence

    Michael Bruton | Chief Product Officer, DocLens.ai All business opportunities involve some degree of risk. It is not surprising that the documents memorializing a business relationship include provisions that either impose obligations (create risk) or provide benefits (mitigate risk). Most often, these Legal risks remain latent until an adverse event occurs. At that point, the…

  • DocLens Technology Can Immediately Improve Claim Outcomes

    Rising loss costs, particularly in litigated insurance claims, which is frequently called Social Inflation, is a significant risk for property and casualty insurers. Mitigation of that risk must focus on improving claim outcomes and successful insurance claim teams are constantly asking “how can we get better outcomes?”. Investments in training and talent, streamlining process and…