Generating More Useful Results for Reinsurers Using AI Systems (w/Isaac Hicks, CEO Slipbot)

Isaac Hicks, CEO Slipbot, which extracts nuanced information from Facultative and Treaty Slips of all kinds in the Reinsurance space using a novel approach to natural language processing. Issac is an advanced Software Integrations Expert and AI practitioner that combines iPaaS solutions, Robotic Process Automation, and Artificial intelligence to create innovative, state-of-the-art business solutions that produce practical, concrete value for growing organizations.   Slipbot is his team's custom AI system built for the reinsurance market, focusing on unstructured document processes such as the reinsurance slip. Users can now simply drag-and-drop documents into their management system for reading and onward processing. Isaac describes how AI systems learn just as a human learn how insurance terms are set and what more sophisticated questions to ask in a review. The AI models the business and loss layers so that managers can make more informed decisions about their book. Longer-term, Slipknot seeks to remove the need for manual data entry and document understanding, to enable reinsurers to focus more on business management and results. Isaac sees a future that will rely on the human component of evaluating risk, that there is a limit to the algorithmization of everything in terms of doing good business. Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.