SLK Software and V-Labs join With CNA to Deploy AI Technologies for Intelligent Automation of Insurance Business Processes – InsuranceNewsNet

The businesses commit to attaining high-level efficiency, effectivity, and turnaround time

CINCINNATI–(BUSINESS WIRE)–
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 answer to speed up and remodel CNA’s consumption automation for new enterprise submissions, claims, and different important enterprise processes.

As insurance coverage corporations 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 knowledge and paperwork has taken heart stage.

“CNA embarked on several initiatives to help take important steps towards AI-augmented underwriting, endorsement, and claim processing,” mentioned Jane Possell, Chief Info 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,” mentioned Ajay Kumar, Chief Government 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,” mentioned Dr. Murali Kota, Founder and CEO of V-Labs.

The AI-based automation expertise has decreased the common 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 answer will create worth to all gamers within the insurance coverage business — prospects, brokers, insurers, reinsurers, and claims processors.

About SLK Software:

SLK Software is a worldwide expertise companies supplier centered on bringing AI, clever automation, and analytics collectively to create modern expertise options for our prospects by way of a tradition of partnership with them, led by an evolutionary mindset. For over 20 years, we have helped organizations throughout numerous industries — insurance coverage suppliers, monetary service organizations, funding administration corporations, and producers — reimagine their enterprise and resolve their current and future wants. Licensed as a Nice Place To Work®, we encourage an method of constructively difficult the established order in all that we do to allow peak enterprise efficiency for our prospects and for ourselves, by way of disruptive applied sciences, utilized innovation, and purposeful automation. Learn the way we assist main organizations reimagine their enterprise at www.slksoftware.com

About V-Labs

V-Labs is a passionate crew of scientists, engineers and entrepreneurs with deep experience in Laptop Vison, Pure Language Processing, Sign Processing and Sensor-based AI Platforms and Options. V-Labs is dedicated to reimagining companies with the facility of accountable AI and constructing the longer term of Intelligent Automation. V-Labs has many success tales leveraging Video/Picture Processing, Contextual Evaluation with NLP and Sensor-Physics primarily based AI Automation. For extra info, please go to V-Labs at www.v-labs.ai

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Sayanti Chakraborty

[email protected]

+91-80 4050 1721

Supply: SLK Software