Le Conservateur, a French independent cooperative group specialized in a variety of Insurance products, has chosen the artificial intelligence solution provided by expert.ai to speed up their contract review and verification process.
There is growing interest in optimizing and automating processes using solutions that help Insurers understand and tap into ‘unstructured’ data. Expert.ai’s AI platform leverages natural language understanding to process textual information with one of the highest levels of accuracy in the market, providing the flexibility and scalability that companies demand.
The expert.ai for Insurance solution automates the reading and analysis of contracts to extract key information. It is based on the capability to understand and process natural language in order to identify the meaning of each word in the specific insurance-related context, much as a professional consultant would.
“At Le Conservateur, our highest priority is the quality of service and attention we offer our customers. The artificial intelligence solution provided by expert.ai will enable us to be more efficient in automatically reviewing our contracts and their specific clauses, meeting our excellence targets in customer relations,” said Bruno Lamard, Director of Operations at Le Conservateur.
Expert.ai relies on an extensive experience in the Insurance market, having worked with some of the world’s largest insurers and reinsurers, providing advanced solutions to improve the industry business processes, and offering fast implementation with a rapid return on investment.
Mounir Ghodbane, Responsible for the Insurance Industry, expert.ai France, said: “Expert.ai’s artificial intelligence is bringing value and tangible benefits to the Insurance market, improving information-intensive process and simplify the automation of daily activities based on the reading, understanding and processing of complex documents. We are delighted that Le Conservateur has chosen to work with expert.ai and are proud to support their innovative AI-based projects.”
About Le Conservateur
Founded in 1844, the independent cooperative group Le Conservateur offers a wide variety of products for life insurance, pensions, retirement savings, financial investments and a unique product on which it has built its reputation and development; Tontine. Based on a proven management policy, Le Conservateur gives its customers asset management support and advice. With 253,000 members and more than €9.2 billion in managed assets as of January 1, 2021, Le Conservateur is now a leading player on the French market. https://www.conservateur.fr/