Why Commercial Insurance Companies are Drowning in Documents

Paperwork – it is a term that sends shivers down the spine of many professionals, particularly those working in the commercial insurance sector. Often viewed as a necessary inconvenience and despite living in an increasingly digital world, insurance companies appear to be sinking in a sea of documents. But why is this the case? In […]
Taming the Paper Juggernaut: Managing Document Complexity in Commercial Insurance

Every day Brokers and Carriers produce, read, interpret, and process a complex myriad of documentation including policy documents loss run reports, binders, quotes, financial statements, and more. And for all the talk about automation and streamlining workflows, the vast majority of these documents are still being processed manually. Managing this and taming this paper juggernaut […]
AI-Powered Intelligent Document Processing: Reshaping the Commercial Insurance Industry

Introduction The rapid evolution in Artificial Intelligence (AI), especially in handling unstructured content, is poised to reshape the commercial insurance sector. While the industry’s business requirements remain unchanged, the way they are handled is set for a paradigm shift. Commercial brokers manage vast amounts of client information that turns into millions of policy documents, encompassing […]
Revolutionizing Garnishments and Levy Processes: How AntWorks’ CMR+ Delivers Unprecedented Value

In today’s challenging financial landscape, borrowers are facing increased pressure due to factors like rising interest rates, inflation, and taxes. This has led to a surge in mortgage, consumer, and credit card delinquencies, as well as tax payment issues. Financial institutions, insurance companies, and businesses across various sectors are grappling with these challenges. How they […]
Leveraging LLMs to enrich IDP Platforms- the AntWorks approach

It has become quite clichéd in articles around Generative AI to use the technology to write out the first few paragraphs to marvel on the verisimilitude achieved. So, I decided to use the same technology to write up a disclaimer, and claim back authorship rights for humanity! “An oath to LLMs, I hereby declare,That this […]
AI – Opportunity and Danger

As we entrust machines with more responsibilities, the act of compiling accurate and organized data, coupled with our subjective interpretation, becomes a habitual practice that exposes the possibility of concealed misdirection.
ISG: AntWorks, A Leader in Intelligent Document Processing

The 2022 Provider Lens report from analysts ISG has just been published and AntWorks is delighted to report that we retain our 2021 leadership position in Intelligent Document Processing (IDP). The report, which focuses on intelligent automation, is a bit of an annual event for us. It’s a reality check. When you work in a […]
Four key elements to drive digitisation effectively

In my previous blog about enterprise digitisation I concentrated on two main issues: How digitisation provides an opportunity to reconsider the limits of enterprise capability[1] and, possibly, to develop new execution skills. The importance of not getting distracted by the latest ‘shiny’ technology, and the need to focus more on business outcomes. I was swapping […]
Visualising the strengths, and limitations, of artificial intelligence

As AntWorks’ design and brand manager one of the challenges I wrestle with is how to present the complexities of AI-driven Intelligent Document Processing (IDP) visually. On a more prosaic level this is fairly straight forward. I can quite easily create process diagrams to show the order in which things happen, videos using screen recordings […]
Why you should dump your legacy OCR solution for IDP

In the days before World War I a physicist by the name of Emanuel Goldberg created a machine that could read characters and convert them into telegraph code; it was the beginning of what we now know as Optical Character Recognition (OCR). Things have moved on since then. Since the 1970s, OCR has been able […]