KognitiveWorks - Unleashing GenAI to Conquer the Most Complex Insurance Challenges.
KognitiveWorks, developed by acxhange, combines the expertise of seasoned technologists and strategists to deliver cutting-edge solutions. Powered by the latest AI tools and frameworks, KognitiveWorks is designed to solve complex challenges, meet the fast-paced demands of today’s digital landscape, and drive transformative innovation in the insurance industry.
Carriers invest significant effort and resources in manual document processing.
Insurers daily get large volumes of documents like policy applications, claims forms, supporting materials like medical records, police reports, endorsements, renewals, cancellations, and various other correspondences related to insurance policies. These can come in emails, as attachments, as PDFs or GIF/JPEG files.
Technologies like OCR, RPA, and ML have been employed to automate parts but has not been able to eliminate manual work. Insurers have a need to swiftly and efficiently handle these documents.
KognitiveWorks - an acxhange solution - is built using latest of GenAI.
Benefits
Increased Efficiency: Automating document handling accelerates workflows and reduces manual labor.
Accuracy: Advanced data extraction minimizes errors and ensures data integrity.
Scalability: The platform can process high volumes of submissions and claims, allowing insurance operations to scale efficiently.
Improved Decision-Making: The Next Best Action feature enables faster and more accurate decision-making across departments.
Our solution is designed to accelerate your digital transformation journey.
Outcome based
Our pricing is outcome based. There is no upfront license fee and no implementation fees. We will do a time-boxed 2-week process analysis including current costs with the help of your subject matter expert(s).At the end of the analysis, we will give you a proposal that includes current workflow, new workflow with KognitiveWorks and evidence-based cost-benefit business case.
Swift rollout
Our goal is to digitize the initial set of documents (MVP) within four to six weeks. After a two-week time-boxed process analysis and document sample collection, we will present a proposal outlining an automated process and potential cost savings. Upon approval, the first set of documents will go live within four to six weeks, ensuring a smooth, optimized transition.
Fully managed
Once the document processing go-live we are commited to a best-in-class support of the solution with a customer-centric approach.Our ongoing support includes proactive monitoring, rapid issue resolution, regular updates, and performance optimization.We tie our success to yours, ensuring a seamless experience and mutual achievement of cost savings and efficiency gains.
Get in Touch
We're here to answer all your queries. Reach out to us to accelerate your business