Roots Automation

Eastern Alliance Insurance Group, a leading US-based workers' compensation carrier, partnered with Roots to increase their claims document processing performance 100x.  Working alongside their new Digital Coworker, “Phyllis,” Eastern’s claims team experienced a 100x boost in their efficiency analyzing and indexing high volumes of unstructured claims documents. Before Phyllis started on the job, the teams took up to five days to turn around claims documents. Now, they process 87% of this data straight through or with minimal human intervention! “We had a turnaround time of three business days to do our claims mail… but it was tough. We started by meeting with Roots and brainstorming use cases. Today, Phyllis [our Digital Coworker] is indexing our priority five mail, which is our highest volume. Phyllis works every day, even when we're not here, even when we're closed.” -@Jen Zimmerman, Manager, Business Systems, Eastern Alliance 📺Watch this success story below! #Insurance #Claims #AI #Automation #DigitalCoworkers  

Now in the August Roots Automation newsletter: Eastern Alliance Insurance Group success story | ROI Calculator | On-Demand Webinar: "AI-Powered Document Processing in Underwriting." Explore insights, success stories, and upcoming events.

Time is running out to secure your spot for today's webinar - Harnessing AI Document Processing Across Underwriting & Claims - taking place at 4pm (EDT). Our distinguished panel of experts will feature: - Alex Taylor, Global Head of Emerging Technology, QBE Ventures - Anand Rao, PhD, MBA, Distinguished Service Professor of Applied Data Science and AI, Carnegie Mellon University - Ratish Dalvi, VP of AI & Machine Learning, Roots Automation Don't miss this opportunity to gain expert insight on: - Combating premium leakage and claims overpayment - Leveraging AI to accelerate core operations - Breaking through the GenAI "prototype-to-production logjam" - The future of AI-powered underwriting and claims Can't attend live? Register anyway to receive the on-demand recording as soon as it becomes available! https://lnkd.in/eWDF8ZJx #GenAI #InsuranceDocumentAI #Underwriting #Claims #Insurance

What will your underwriting teams do with the time saved from manual document review and data rework? Jennifer Krawec, Head of Global Risk Solutions Incubation at Liberty Mutual Insurance zeroes in on the immediate ROI from AI for #underwriting: "There's clear value if you have an underwriter spending five hours going through years of documents that can be boiled down to seconds or minutes." In “Managing the Hype Cycle: The Importance of Setting Expectations for AI in Underwriting,” Jennifer joins Bain & Company's Sean O'Neill and Roots Automation’s John Cottongim to deliver exclusive insights on setting realistic AI goals to achieve maximum improvements in underwriting performance. Follow the link to readmore: https://lnkd.in/edvGkzVJ #DigitalCoworkers #InsurGPT #GenAI #Insurtech #InsuranceDocumentAI

Scaling operations efficiently demands tools that integrate seamlessly without increasing IT dependency. Read the “Buyer's Guide to AI-Powered Document Processing for Underwriting & Claims” for a comprehensive overview of solutions that can drive operational excellence and improve your bottom line. Click to download your copy now: https://lnkd.in/efSRwX_r #DigitalCoworkers #InsurGPT #GenAI #Insurtech #InsuranceDocumentAI #Underwriting

Document intake is one of the biggest challenges in claims management. Insurers missing even a few bits of vital decision data has resulted in industry-wide annual claims overpayment totaling $.06 of every dollar paid to claimants. In “AI Use Case: Claims Document Intake and Data Extraction,” we compare human/BPO, legacy tech and AI to help you evaluate your options and select the best solution for reducing claims leakage. Click now to read more: https://lnkd.in/eXTcn6bk

“AI helps insurers accelerate underwriting and claims processing by analyzing historical data to evaluate risk. As a result, the effective use of AI can improve claims accuracy by up to 99% and increase efficiency by around 60%. That means customers get policies settled and claims approved faster, resulting in a greatly improved customer experience.” -DIGITAL INSURANCE Are you losing revenue due to inefficient document processing? Our August 14 webinar tackles this crucial issue for insurers. Join industry leaders from QBE Ventures, Carnegie Mellon University and Roots Automation as they share insights and practical guidance on successfully implementing AI-powered document processing across underwriting and claims. Click here to register today: https://lnkd.in/eWDF8ZJx #GenAI #InsuranceDocumentAI #Underwriting #Claims #Insurance  

#ITCVegas24 is fast approaching, and our calendars are filling up. Schedule a time to meet the “Purple People” at Booth #2524. Our team of insurance automation experts can introduce you to our Digital Coworkers – powered by InsurGPT – tailored to your specific use case, whether that be: ✅Document Classification & Indexing ✅First Notice of Loss (FNOL) ✅Submissions Processing ✅Loss Runs Processing Click below to learn more and book a time to meet in Vegas: https://lnkd.in/dBtXqmUv #AI #InsuranceDocumentAI #Underwriting #Claims #Insurance #ITCVegas24

Unlocking critical decision data from documents is the biggest challenge facing insurers today. Legacy document processing methods have limitations, making it difficult to strike the optimal balance between speed and accuracy. Download The Buyer’s Guide to AI-Powered Document Processing in Underwriting and Claims to learn about available solutions to the document log-jam. In this guide, you’ll also learn about Insurance Document AI, an insurance-specific model model that offers turnkey functionality and high ROI out of the box. Follow the link to learn more. https://lnkd.in/efSRwX_r #DigitalCoworkers #InsurGPT #GenAI #Insurtech #InsuranceDocumentAI #Underwriting

Last year, premium leakage resulted in $0.08 lost from every dollar of revenue generated. In claims, leakage accounted for $0.06 for every dollar paid out. This 14-point “hit” to the bottom line seriously inhibits insurers' capacity to deliver exceptional customer experiences, invest in product innovation and drive business growth. In today’s intensely competitive commercial insurance markets, the ability to win new business and satisfy customers largely depends on the quality and quantity of your decision data. Join us for a live roundtable discussion for practical guidance on successfully implementing AI-powered document processing across core insurance operations. The panel for the discussion will include: Alex Taylor, Global Head of Emerging Technology, QBE Ventures Anand Rao, PhD, MBA, Distinguished Service Professor of Applied Data Science & AI, Carnegie Mellon University Ratish Dalvi, VP of AI & Machine Learning, Roots Automation The live, virtual roundtable discussion will take place on 14 August at 4pm (EDT). Click here to register today: https://lnkd.in/eWDF8ZJx #GenAI #InsuranceDocumentAI #Underwriting #Claims #Insurance