Automating Loss-Run Data Extraction for Greater Accuracy
Industry
P&C Insurance
Technologies
GenAI, Private Cloud, F1 Connector
Company Size
Large Enterprise
Domain Area
Data Automation
Industry
P&C Insurance
Company Size
Large Enterprise
Technologies
GenAI, Private Cloud, F1 Connector
Domain Area
Data Automation
Business Challenge
A leading property and casualty insurance provider faced mounting challenges in managing high volumes of complex Loss Run report data. Their legacy systems struggled with inefficiencies, leading to performance issues and significant delays. Manual processes compounded these problems, resulting in data inaccuracies that hindered timely decision-making. Furthermore, regulatory compliance requirements across the USA and UK added layers of complexity. The transition to automation posed additional concerns around security, performance, and scalability.
Solution
To address these issues, the company adopted the FD Ryze GenAI platform for automated Loss Run data extraction. This solution was deployed on a private cloud infrastructure to ensure robust data security. A conversational interface was integrated to enable intuitive querying and streamline operations. The implementation followed a phased approach, starting with POC (proof-of-concept) and scaling up to full deployment. Additionally, seamless integration with industry-specific file-sharing platforms was achieved through the F1 Connector, ensuring smooth workflows and minimal disruption.
Benefits
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Drop us your details and one of the Fulcrum team will reach out within one working day.