Accelerates the adoption of AI across the Insurance market<\/p>\n
NEW YORK, May 15, 2023 \/PRNewswire\/ -- Roots Automation, creator of AI-powered Digital Coworkers, today announced the release of InsurGPT - the world's most advanced fine-tuned Generative AI model, designed specifically for the Insurance market.<\/p>\n
InsurGPTfurther expands the natural language capabilities of Digital Coworkersby utilizing proprietary, fine-tuned Large Language Models(LLMs) to read and accurately extract data across:<\/p>\n
InsurGPTutilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, 'hallucinations,' that non-industry specific Generative AImodels produce.<\/p>\n
InsurGPT is designed by Insurance operators for Insurance operators and is natively embedded in all of Roots Automation Digital Coworkers. Critically, each interaction between a human and Digital Coworker improves the InsurGPT model, benefiting all customers.<\/p>\n
\"We have fundamentally imbued our Digital Coworkers with deep insurance experience and knowledge through InsurGPT\" comments Chaz Perera, Co-founder and CEO of Roots Automation. \"InsurGPT removes the need for templates or heavy OCR configuration to analyze and process business documents, it simply reads insurance documents like a human would and produces accurate results, fast and at scale.\"<\/p>\n
Importantly, Roots Automation Digital Coworkers utilizing InsurGPT are already delivering real results for Insurance operators.<\/p>\n
For example, a national Third-Party Claims Administrator (TPA) is using InsurGPT to scale its First Notice of Loss (FNOL) process.<\/p>\n
This TPA was challenged with standardizing claim setup and document handling processes while servicing the varying needs of carrier partners and customers.<\/p>\n
Traditional hard-coded rules, decision logic, and templates failed to effectively factor for document complexity and the idiosyncrasies of carrier partner\/customer special account instructions.<\/p>\n
Leveraging InsurGPT allowed the TPA to work with non-standard instructions and documents within the FNOL process, resulting in greater accuracy without requiring a change to the underlying process.<\/p>\n
\"Critical to the development of InsurGPT was the fundamental belief that while companies like OpenAI and Google - and the entire open-source community - have created something great, they are not interested in going deep into the Insurance sector - nor have they considered the security, data privacy or heavily regulated nature of the insurance space. We have!\", comments John Cottongim, Co-founder and CTO of Roots Automation. \"Importantly InsurGPT is constantly improving through the real-time interactions between our Digital Coworkers and our Customers' teams\".<\/p>\n
InsurGPT is the most advanced insurance-specific Generative AI model which enables organizations to remove routine tasks, increase digitization and accelerate the adoption of AI.<\/p>\n
About Roots AutomationRoots Automation combines machine intelligence and human ingenuity to create intelligent Digital Coworkers, providing organizations with AI-powered, digitized employees that can think, read and intuit like people.<\/p>\n
Digital Coworkers are pre-trained to understand and interact with documents, systems and processes commonly found in insurance.<\/p>\n
Digital Coworkers are always on, ultra-secure and deliver ROI from day one - freeing a human workforce of inefficient, soul-destroying work, increasing their productivity and job satisfaction. Roots Automation is based in New York and was founded in 2018. For more information, visit https:\/\/www.rootsautomation.com\/<\/a>.<\/p>\n SOURCE Roots Automation Inc<\/p>\n <\/p>\n Original post:<\/p>\n Roots Automation Introduces InsurGPT - the World's Most Advanced ... - PR Newswire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Accelerates the adoption of AI across the Insurance market NEW YORK, May 15, 2023 \/PRNewswire\/ -- Roots Automation, creator of AI-powered Digital Coworkers, today announced the release of InsurGPT - the world's most advanced fine-tuned Generative AI model, designed specifically for the Insurance market. InsurGPTfurther expands the natural language capabilities of Digital Coworkersby utilizing proprietary, fine-tuned Large Language Models(LLMs) to read and accurately extract data across: InsurGPTutilizes a deep corpus of insurance specific data and documents alongside systems and process knowledge to significantly improve the accuracy, speed, and validity of data extraction and inferencing, while reducing false-positives, 'hallucinations,' that non-industry specific Generative AImodels produce. InsurGPT is designed by Insurance operators for Insurance operators and is natively embedded in all of Roots Automation Digital Coworkers. Continue reading