Recognition highlights the value of expert.ai’s Insurance solutions for modernizing claims processes at speed and scale.
Expert.ai, the leading enterprise AI company solving complex language challenges, today announced that it has been named to PropertyCasualty360’s Insurance Luminaries Class of 2023 in the category of Claims Innovation.
This recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. The 2023 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business; and how committed and dedicated the nominee has been to high ethical standards, service and excellence.
“Today’s top insurance organizations recognize the industry’s history and purpose while embodying contemporary processes and services,” says NU Property & Casualty Executive Editor Elana Ashanti Jefferson. “My colleagues and I are thrilled to be able to recognize pace-setting insurance organizations, programs, practices, teams and individuals as part of the annual NU PropertyCasualty360 Luminaries recognition program.”
This award follows expert.ai’s recognition as a top innovator in the 2023 InsurTech100 and the recent introduction of generative AI capabilities enabled by ELMI, the expert.ai industry-tested language trained model built specifically for the insurance sector (ELMI, Enterprise Language Model for Insurance.)
“This recognition is a testament to our innovative approach and the hard work of the entire expert.ai team,” said Keith C. Lincoln, expert.ai CMO. “Our approach to providing powerful and cost-effective solutions that accelerate claims processes is ensuring greater efficiency and accuracy in document review and assessment. This allows claims handlers more time to focus on value-add activities like communicating with customers and closing claims all while increasing combined ratios for P&C insurers.”
By automatically extracting the most relevant data needed to optimize claims processes and enable subject matter experts to focus on high-value tasks, expert.ai can help claims handlers reduce claim review times by 50+% and document review times by 90%, while improving objectivity and accuracy.