Accelerating AI Adoption Across Insurance Markets
new york, May 15, 2023 /PRNewswire/ — roots automationThe creators of AI-powered Digital Coworkers today Insure GPT – World’s most advanced fine-tuned generative AI models specifically designed for the insurance market.
Insure GPT Further extend the natural language capabilities of Digital Coworkers by leveraging a unique fine-tuned Large Language Model (LLM) to read and accurately extract the following data:
- structured document – ACORD forms, medical claim forms, etc.
- unstructured document – Insurance applications, loss runs, quotes, first notice of loss, claim packages, general communications, etc.
Insure GPT Utilizing a deep corpus of insurance-specific data and documents along with system and process knowledge to significantly improve the accuracy, speed and effectiveness of data extraction and inference, as well as false positives, false positives produced by non-industry-specific generative AI models. Reduces “hallucinations”. .
Insure GPT is designed by insurance carriers for insurance carriers and is natively embedded in every Roots Automation Digital Coworker. Importantly, the interaction between humans and digital coworkers Insure GPT A model that benefits all customers.
”We have fundamentally instilled deep insurance experience and knowledge in our digital coworkers. Insure GPT” comment Chaz Perera, Co-founder and CEO of Roots Automation. ”InsurGPT eliminates the need for templates and complex OCR configurations to analyze and process business documents, simply reading insurance documents like humans do, producing accurate results quickly and at scale.”
Importantly, Roots Automation Digital Coworkers are leveraging it. Insure GPT It’s already delivering real results for insurers.
For example, a country’s Third Party Billing Administrator (TPA) Insure GPT To extend the First Notice of Loss (FNOL) process.
The TPA faced the challenge of standardizing the billing setup and document processing process while meeting the varying needs of its carrier partners and customers.
Traditional hard-coded rules, decision-making logic, and templates could not effectively consider the complexity of documents and the idiosyncrasies of special account instructions for carrier partners/customers.
use Insure GPT This allowed TPA to work with non-standard instructions and documents within the FNOL process, improving accuracy without changing the underlying process.
“important to the development of Insure GPT That’s because while companies like OpenAI and Google, and the open source community at large, are producing great things, they’re not interested in getting too deep into the insurance space, and they don’t care about security, data privacy, or their highly regulated nature. It was a basic belief that no consideration was given to of insurance space. we have! “, comment John Cottongim, Co-Founder and CTO of Roots Automation. ”important thing Insure GPT Constant improvement through real-time interactions between our digital coworkers and your team. ”
Insure GPT is the most advanced insurance-specific generative AI model that enables organizations to eliminate routine tasks, go digital, and accelerate AI adoption.
About Roots Automation
Roots Automation combines machine intelligence with human ingenuity to create intelligent digital co-workers, giving organizations an AI-powered digital workforce that can think, read and intuit like humans.
Digital Coworkers are pre-trained to understand and operate the documents, systems and processes commonly found in insurance.
Digital Coworkers are always up, highly secure, and deliver ROI from day one. This frees employees from inefficient and mind-destroying tasks, improving productivity and job satisfaction. Roots Automation is based on new york Founded in 2018. For more information, please visit: https://www.rootsautomation.com/.
SOURCE Roots Automation Co., Ltd.
