Charlee.ai is a technology company providing artificial intelligence and predictive analytics solutions for Insurance industry. Our solutions help insurance companies reduce claims litigation and severity while managing reserves efficiently.
Charlee helps insurance companies reduce claims litigation and severity while managing reserves efficiently. Our unique and patented approach leverages natural language processing and machine learning techniques to extract tags/topics from policy and claim files and documents that helps improve our prediction accuracy. Our A.I. solution has been trained and developed by industry experts. Currently, Charlee has over 50,000 plus pre-trained tags and topics on six lines of business having been trained on over 55 million claims. The pre-trained tags and topics enhance prediction accuracy to over 80%, and accelerates implementations by 50%.
In US, Insurance companies spend $200B+ on fraud and litigation causing increased premiums or no coverages.
Charlee™, predictive analytics solution helps insurance companies:
1) Reduce litigation
2) Reduce claims severity
3) Manage Reserves