Marine cargo claims crunching is slow, paper based, and unrefined.
Over 800,000,000 unstructured claims documents are circulated every year.
This high cost process presents and lose-lose for all stakeholders.
Onboard
Users upload core documents to the system which are immediately scanned. The data is structured into our bespoke shipping taxonomy. Collating in minutes what often takes a claims handler hours to verify.
process
The system reviews the structured data pulling out the key points to formulate the claim. Marine Judge analyses the various factors surrounding the claim, validates it and provides a success metric.
settle
For claims under $100,000 the system can provide an instant settlement value. For claims above this value the system can still expedite the process and offer key insights.
Marine Judge uses Artificial Intelligence and Natural Language Processing to rapidly read, assess and make a judgement on submitted claims.
THE AI DRIVEN MARINE INSURANCE PLATFORM
Efficiency
The platform helps you cut down the time it takes to settle simple claims from months to minutes. Most of the small claims you handle right now could be dealt with by a machine, and that's why we've predicted this tool can reduce the cost of processing a claim by 75%.
Simplicity
The system helps you and your customers keep track of claims, understand progress and simplify the way you interact with each other. This reduces friction and helps you get to the desired outcome as quickly and seamlessly as possible.
Data Driven
The AI will be constantly learning and improving, increasing the efficiency of the system. It will also be identifying patterns that humans could not, helping you analyse unseen risks or opportunities. The underlying anonymised data from from all our partners can be accessed and used for benchmarking.
