Insurance
Legal-Grade™ AI for Insurers
Global insurers are adopting Luminance’s Legal-Grade™ AI to mitigate risk, enhance insight and remain competitive.
How Insurers are Using Luminance
Against today’s volatile global backdrop, heightened risk awareness has driven activity for insurance providers across the board.
Faced with growing demand, exploding volumes of documentation and an increasingly complex regulatory landscape, Luminance’s Legal-Grade™ AI offers invaluable support to any organization operating in insurance.
Analyze Vast Datasets
- Reveal key trends, anomalies and risks all displayed via an intuitive interface to help make data-driven decisions
- Automatically surface ‘unknown unknowns’ such as missing information or nuanced wording which users might not think to actively check for
Expedite Underwriting
- Assess information from a wide variety of business areas, centralized and analyzed within Luminance’s AI-powered repository
- Access granular insight and guidance on where to direct attention, reducing the risk of missing key information
Manage Regulatory Compliance
- Bring incoming contracts into line with internal gold standards in a click
- Cross-check existing agreements against new regulation as they are announced, ensuring all commercial activity aligns with the latest requirements
"With Luminance automating much of the claims process, our team can better focus its expertise on helping clients to manage claims and limit indemnity spend."
19/20 key fields within uploaded claims forms recognised after just 20 hours of platform use.
Read the case study to find out more
"Luminance means we can make the most out of our data. We are amazed by the technology."
Automating review of tax forms and indemnity agreements.
Read the blog to find out more