40% of Insurance Underwriters’ Time Is Spent on Non-Core Activities
Underwriters and quote specialists must review disparate documents from multiple data sources with no standard structure and varying formulations of similar clauses.
This is an inefficient and error-prone process that has a high cost for insurance companies:
- too many hours spent on non-core tasks
- missed opportunities because of the time needed to produce a quote and the high error rate in quotes.
The distinctive semantic functionalities of Cortical.io SemanticPro make it possible to automate the review of insurance policies and increase the efficiency of the insurance quoting process.
What Our Customers Say:
“In production for over a year, we recently conducted an internal study that reported a decrease in the error rate of quotes generated by users and an overall improvement in quality by using Cortical.io.”
– Tim Harper, Head of Quote, UNUM Operations.
See how easy it is
to review insurance policies
with SemanticPro!
In this 5-minute-demo video, you will understand how the key functionalities of SemanticPro have helped other insurance carriers :
- Improve quote accuracy by up to 94%
- Reduce manual effort by up to 30%
“Among the IDP vendors we evaluated, Cortical.io stands out for its ability to accurately process complex provisions and its user-friendly, no-code interface.”
– Chris Howley, Head of Group Life & LTD Reinsurance & Vice President, Americas, Swiss Re.
Industry Recognition
