Thanks to this strategic partnership with global reinsurance leader Swiss Re, Cortical.io’s Intelligent Document Processing (IDP) solution SemanticPro will be offered to Swiss Re’s clients to help them automate labor-intensive insurance processes like intake, submission and quoting.
Cortical.io, a provider of AI-based solutions, including SemanticPro, its Intelligent Document Processing (IDP) solution, announced May 15, 2024, a strategic partnership with reinsurance provider Swiss Re. The partnership aims to facilitate the adoption of IDP among group insurance carriers.
SemanticPro will enable Swiss Re to better support its insurance clients in optimizing their policy processing workflows by reducing errors in quotes, shortening response time to customers and improving operational efficiencies.
Hans-Peter Riecken, SVP North America at Cortical.io, commented: “We are impressed by Swiss Re’s commitment to facilitating its clients’ access to innovative technologies, and deeply honored to have been chosen to help them deliver the best value for its clients. It is highly gratifying to see our expertise in the insurance industry recognized by one of the leaders of the sector and we look forward to offering Swiss Re’s clients the same benefits that our own insurance customer base enjoys with Cortical.io SemanticPro.”
Last year, SemanticPro won the Data Breakthrough Award “Data Solution of the Year for Insurance 2023”.
Headquartered in Vienna, Austria, Cortical.io delivers AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). SemanticPro, its Intelligent Document Processing (IDP) solution, accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation.
You can find the full press release here.
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