SLK Software, a worldwide expertise companies agency, and V-Labs, an AI firm, aligned with CNA Insurance, a number one U.S.-based insurance coverage supplier, to deploy an enterprise-wide AI-led clever automation resolution to speed up and remodel CNA’s consumption automation for new enterprise submissions, claims, and different essential enterprise processes.
As insurance coverage firms speed up their adoption of subsequent technology applied sciences round AI and Machine Studying, the problem of fast consumption and processing of structured and unstructured information and paperwork has taken middle stage.
“CNA embarked on several initiatives to help take important steps towards AI-augmented underwriting, endorsement, and claim processing,” stated Jane Possell, Chief Data Officer, CNA. “In collaboration with SLK and V-Labs, CNA plans to accelerate its adoption of AI technologies to help transform the intake and other business processes across our enterprise.”
“Both SLK and CNA are committed to driving high-levels of data accuracy, acceleration towards business closure, providing deeper insights to increase revenue, and rapidly scaling AI across the enterprise. At SLK, we challenge the status quo with our unique and differentiated solutions and IPs, bringing together our expertise in automation, analytics and AI that provide unparalleled value to our customers,” stated Ajay Kumar, Chief Govt Officer, SLK Software.
“We are delighted to work with CNA on their business transformation journey. V-Labs has built AI-products that are beginning to transform traditional business processes and legacy systems, by leveraging fundamental AI/ML technologies, including NLP and Computer Vision. The rapid acceleration in real-time data extraction and contextualization will lead to high levels of business process automation, real-time decision-making systems, market insights, and new product creation. This is enabling true business transformation across many industries,” shelp Dr. Murali Kota, Founder and CEO of V-Labs.
The AI-based automation expertise has decreased the typical processing time in focused areas from a number of hours or days to a couple of minutes. Relevant throughout the insurance coverage worth chain, this cutting-edge resolution will create worth to all gamers within the insurance coverage trade — prospects, brokers, insurers, reinsurers, and claims processors.