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.

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

Key metrics

50^%

Capacity increase in underwriting and new business

50^x

Faster access to better data compared to manual processing

80^%

Cost savings compared to manual document processing

Example use cases in insurance

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.

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.

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.