www.cortical.io Open in urlscan Pro
2606:4700:3036::6815:34f9  Public Scan

Form analysis
1 forms found in the DOM

GET https://www.cortical.io/

<form role="search" method="get" class="et-search-form" action="https://www.cortical.io/" data-hs-cf-bound="true"> <input type="search" class="et-search-field" placeholder="Search …" value="" name="s" title="Search for:"></form>

Text Content

 * SemanticPro
   * Overview
   * Extract & Analyze
   * Classify & Automate
   * Schedule a Demo
 * Industries
   * Industry Overview
   * Insurance | Financial Services
   * Management Consulting
   * Transportation
   * Pharmaceuticals
   * Manufacturing
 * Why Cortical.io
 * Science
   * Overview
   * Semantic Folding
   * Difference With Other Approaches
 * Resources
   * Product Info
   * Case Studies
   * Articles
   * White Papers
   * Videos
   * Podcasts
 * Company
   * About us
   * News
   * Events
   * Jobs
 * Book a Demo
 * Mail


Select Page
 * SemanticPro
   * Overview
   * Extract & Analyze
   * Classify & Automate
   * Schedule a Demo
 * Industries
   * Industry Overview
   * Insurance | Financial Services
   * Management Consulting
   * Transportation
   * Pharmaceuticals
   * Manufacturing
 * Why Cortical.io
 * Science
   * Overview
   * Semantic Folding
   * Difference With Other Approaches
 * Resources
   * Product Info
   * Case Studies
   * Articles
   * White Papers
   * Videos
   * Podcasts
 * Company
   * About us
   * News
   * Events
   * Jobs
 * Book a Demo
 * Mail


 1. Home
 2. Industries
 3. Insurance & Financial Services
 4. Insurance Quoting Case Study


HOW A FORTUNE 500 INSURANCE COMPANY SAVED 30% MANUAL LABOR BY AUTOMATING ITS
QUOTING WORKFLOW




CUSTOMER

Fortune 500 insurance company


GOAL

Increase the efficiency and quality of the quoting workflow by automating the
extraction and classification of key information from prior carrier plans


Download PDF


CHALLENGES

 * Each carrier uses their own jargon and format
 * Many provisions need to be interpreted, not just extracted
 * There can be multiple employee classes of coverage
 * Plans frequently have complex tables with multiple entries per row
 * Multiple products can be intermixed within one plan

Because of this difficult context, conventional tools failed to extract accurate
information from insurance plans, forcing the company to rely on expensive
manual labor.


SOLUTION

Due to its sophisticated natural language understanding, SemanticPro Extract &
Analyze was able to solve the above mentioned challenges while producing highly
accurate results. The solution was trained on five different products: Long-Term
Disability (LTD), Short-Term Disability (STD), Vision, Dental and Life
Insurance.

The solution gave full control to Subject Matter Experts (SMEs) over the whole
extraction process, giving them the possibility to fine-tune the system without
the intervention of any AI expert.

By using SemanticPro Extract & Analyze, the company was able to automatically:

 * Extract key information from five types of insurance plans from other
   carriers

 * Interpret this information into the company’s language

 * Accurately extract key information from complex tables with multiple entries
   per row

 * Detect employee classes and associate extractions to class description

 * Classify clauses, even when the wording differs

 * Detect and OCR scanned documents without manual intervention

 * Export the document extractions in an Excel format


RESULTS

 * 7,500 hours in savings per year
 * 30% less manual labor
 * More timely and accurate quotes


THE CORTICAL.IO DIFFERENCE

 * The solution extracts information and interpret provisions with a very high
   level of accuracy
 * Extraction models are trained quickly, based on annotations by the firm’s
   subject matter experts on not more than 100 sample plans
 * The subject matter experts have full control over improving the process by
   verifying, correcting, and adding extraction targets
 * No need for AI experts nor data scientists


SHARE THIS PAGE

AddThis Sharing Buttons
Share to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to
LinkedInLinkedInLinkedIn

SemanticPro
 * overview
 * extract & analyze
 * classify & automate

BOOK A DEMO
Industries
 * overview
 * insurance | financial services
 * management consulting
 * transportation
 * pharmaceuticals
 * manufacturing

Science
 * overview
 * semantic folding
 * difference with other approaches

Free Tools
 * extract keywords
 * compare text
 * detect language
 * disambiguate terms

Resources
 * case studies
 * articles
 * white papers
 * podcasts
 * videos
 * product info

Why Cortical.io

 

Company
 * about us
 * news
 * jobs
 * events

Contact

+1 888 933 6658
info@cortical.io
sales@cortical.io

Legal
 * terms of service
 * privacy
 * legal notice

Stay Informed

Cortical.io | Copyright 2022

 * Follow
 * Follow
 * Follow





XWe use cookies on our website to give you the most relevant experience by
remembering your preferences and repeat visits. By clicking “Accept”, you
consent to the use of ALL the cookies. . Read MoreAcceptCookie SettingsReject
All
Manage consent
Close

PRIVACY OVERVIEW

This website uses cookies to improve your experience while you navigate through
the website. Out of these, the cookies that are categorized as necessary are
stored on your browser as they are essential for the working of basic
functionalities of the ...
Necessary
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly.
These cookies ensure basic functionalities and security features of the website,
anonymously.

CookieDurationDescriptioncookielawinfo-checkbox-analytics11 monthsThis cookie is
set by GDPR Cookie Consent plugin. The cookie is used to store the user consent
for the cookies in the category "Analytics".cookielawinfo-checkbox-functional11
monthsThe cookie is set by GDPR cookie consent to record the user consent for
the cookies in the category "Functional".cookielawinfo-checkbox-necessary11
monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to
store the user consent for the cookies in the category
"Necessary".cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR
Cookie Consent plugin. The cookie is used to store the user consent for the
cookies in the category "Other.cookielawinfo-checkbox-performance11 monthsThis
cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the
user consent for the cookies in the category
"Performance".viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie
Consent plugin and is used to store whether or not user has consented to the use
of cookies. It does not store any personal data.

Functional
functional
Functional cookies help to perform certain functionalities like sharing the
content of the website on social media platforms, collect feedbacks, and other
third-party features.
Performance
performance
Performance cookies are used to understand and analyze the key performance
indexes of the website which helps in delivering a better user experience for
the visitors.
Analytics
analytics
Analytical cookies are used to understand how visitors interact with the
website. These cookies help provide information on metrics the number of
visitors, bounce rate, traffic source, etc.
Advertisement
advertisement
Advertisement cookies are used to provide visitors with relevant ads and
marketing campaigns. These cookies track visitors across websites and collect
information to provide customized ads.
Others
others
Other uncategorized cookies are those that are being analyzed and have not been
classified into a category as yet.
Save & Accept


 *