Novo AI leverages Generative AI and Large Language Models to revolutionize the insurance industry. It enables the analysis and understanding of text documents, from policy documents to claims files. Key features include:
- Streamlined Claims Processing: Efficiently extracts and analyzes data from claim documents like hospital invoices, police reports, and legal correspondence.
- Fraud Detection: Screens 100% of documents for potential fraud and abuse, reducing claim leakage.
- Actionable Insights: Monitors and analyzes price trends to optimize pricing strategies.
- Improved Customer Satisfaction: Equips customer support with AI-driven tools for quick and accurate coverage explanations.
Novo AI targets insurance companies seeking to automate processes, reduce costs, and improve customer experience.
