United KingdomFinance and insurance2021 – ongoingHowden Group Holdings
HX insurance-submission extraction with expert.ai
Howden's HX used language AI to extract policy information covering more than 70 concepts
Problem
HX needed to extract information from historical and incoming insurance submissions for policy analysis. Contract wording made this a document-reading task.
Approach
HX adopted expert.ai for Insurance to read contracts using natural-language understanding. The software extracted policy parameters for HX's data services. Expert.ai reported that the extraction covered more than 70 concepts.
Results
Takeaway
HX applied language AI to prepare contract data for analysis. It did not disclose measured extraction accuracy or processing-time savings.
Categories
- Size
- Large enterprise
- Industry
- Finance and insurance
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- Predictive analytics and ML
- Adoption
- Vendor solution
- Evidence
- Vendor case study
Sources
Source summaries
Expert.ai described HX's use of natural-language understanding to extract policy information. It reported coverage of more than 70 concepts without quantified operating savings.
Full details are in the original sources.