How does Eigen help insurance firms?
Data plays a central role in the success of insurers and reinsurers, enabling them to win, retain and serve customers throughout the insurance value chain.
Digitize data and drive multiple benefits throughout your business
The Eigen® platform provides a gateway to increased revenue, enhanced risk management and improved operational efficiency by unlocking the value of data. It also enables insurance firms (agents, brokers and carriers) to understand and serve their customers better.
Delivering results for insurance firms
Capacity increase in underwriting and new business
Faster access to better data compared to manual processing
Cost savings compared to manual document processing
Example use cases in insurance
Underwriting & insurance policy management
Insurance firms use Eigen® to extract data from slips, policies and submission documents as well as for contract wording analysis to make better-informed decisions, understand market trends, enhance risk management and provide better data for claims handling and downstream processes.
Find out more about Underwriter Assistant: a modular solution to the document challenges and data needs prevalent at each stage of the underwriting process.
Regulatory reporting & compliance
Insurance firms use Eigen® to automate the extraction and organization of information required for one-time regulatory or ongoing compliance exercises and reporting tasks (for example GDPR, Solvency II, COVID-related) in an explainable, scalable and highly efficient way.
Intelligent document processing & data extraction
Insurance firms use Eigen® to automate the extraction of information from multiple different document sets to save time, money and human effort as well as reduce errors across various functional areas and use cases.
How AI and intelligent document processing can help insurers to deliver better services and generate more revenue
How can the intelligent automation of insurance documents and data be a driver for profitability?
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Eigen helps and partners with law firms and legal service providers to eliminate manual contract review and analysis tasks.
Banks & Capital Markets
The Eigen® platform enables banks and buy-side firms to use data to make better decisions across front, middle and back office teams.
The Eigen® platform is used widely in financial services to help firms access and analyze data and automate document processing activities.
- World Economic forum 2020
- Gartner Cool Vendor 2020
- AI 100 2021
- Lazard T100
- FT Intelligent Business 2019
- FT Intelligent Business 2020
- CogX Awards 2019
- CogX Awards 2021
- CogX Awards Best AI Product in Insurance
- Forbes The AI 50 2022
- Ai BreakThrough Award 2022
- FStech 2023 awards shortlisted