Source: University of Salford
GC Tech has partnered with the University of Salford to create an AI-based product that will leverage and maximise legal and insurance expertise to transform insurance claims handling.
The initiative is funded by Innovate UK, under their ‘Innovation in Professional and Financial Services – collaborations’ strand, and the product is called ELI (Expert Legal Intelligence). The aim of ELI is to use advanced AI, including Natural Language Processing (NLP) and Machine Learning (ML), to automate claims assessments, improve decision accuracy and detect fraudulent activities more quickly and effectively.
With GC Tech spearheading the initiative, skilled legal insights will be built into the claims journey from the start, with the additional assurance that the platform is technologically advanced, legally sound and compliant with industry standards.
David Scott, Managing Director of GC Tech, said: “The development of ELI is a direct response to the needs of the insurance industry. Our focus is on using tech innovation to bring a step change in reducing operational costs, streamlining claims processing, identifying fraud and ultimately ensuring fairer outcomes for insurers and, crucially, their policyholders.”
Read full article: https://www.salford.ac.uk/news/ai-innovation-collaboration-between-gc-tech-and-the-university-of-salford
