Verisk, a leading data analytics and technology company, has launched an innovative platform that promises to transform document management in the insurance industry. This new tool, called Mozart, is powered by generative artificial intelligence and has been specifically designed to facilitate the creation and updating of insurance forms. With Mozart, users can organize, draft, and present documents more efficiently, representing a significant advancement in the experience of industry professionals.
One of Mozart’s most revolutionary features is its generative AI companion, which allows for the comparison of policy documents and offers summaries of changes in a matter of minutes. This capability drastically reduces the time required for adopting modifications, which previously could extend to days or even weeks. The companion’s functionality is based on advanced technologies that break down policy legal documents, presenting crucial differences clearly and structured, facilitating understanding.
The platform utilizes Amazon Bedrock, a service that provides access to high-performance models from various artificial intelligence companies through a single API, ensuring data security and responsible use. Verisk has designed its solution to be fed by documents stored in Amazon S3. Through a process involving AWS Batch, the documents are converted into smaller fragments, generating embeddings that are stored in a vector database in Amazon OpenSearch. This allows users to select two documents for comparison, using AWS Lambda functions to extract the necessary embeddings and present them to the AI models.
Furthermore, Verisk has established a rigorous governance framework to ensure that generative AI solutions meet security, compliance, and data usage standards. A governance board reviews the solutions to ensure that shared information is not retained or used to train the model, reinforcing trust in the tool.
Mozart’s effectiveness is assessed through criteria such as accuracy, consistency, and adherence to context. Insurance domain experts rate the results generated by the platform. Initial results proved promising, and the Verisk team has implemented a process of continuous improvement, making adjustments to the model and using advanced prompt engineering techniques to enhance accuracy.
Through this approach, the company has achieved a 90% success rate in acceptable change summaries, significantly increasing productivity and expediting the implementation of changes in such a dynamic environment as insurance.
In conclusion, Verisk’s Mozart companion not only improves the quality and speed of policy reviews but also sets a new standard for innovation within the insurance sector, promoting more effective and proactive management of global risks. This advancement represents a significant step towards a future where artificial intelligence plays a key role in optimizing industrial processes.
via: MiMub in Spanish
