FNO: InsureTech
Ep 246: CEO and Founder of Charlee.AI, Sri Ramaswamy
Jan 26, 2024
Sri Ramaswamy, Founder and CEO of Charlee.AI, discusses her journey into artificial intelligence and the capabilities of Charlee, a trained model for insurance. She highlights the significance of using data in the right way to get accurate results and how Charlee can help identify and prioritize fraudulent claims.
52:02
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Quick takeaways
- Charlie AI utilizes AI and analytics to analyze claims data, providing risk indicators and severity predictions based on unstructured data.
- Charlie AI helps prioritize and manage claims more effectively, aiding in accurate reserving and mitigating litigation risk.
Deep dives
The power of AI in revolutionizing the insurance industry
Charlie AI, a trained model for insurance, utilizes AI and analytics to analyze claims data. It extracts insights from unstructured data, such as claim files and reports, to provide risk indicators and severity predictions. By identifying high-risk claims and potential litigation early on, it helps claims departments prioritize and manage claims more effectively. Charlie AI also aids in accurate reserving by providing insights that impact reserve decisions, mitigating under and over-reserving. The secret sauce lies in the effective utilization of AI insights and the implementation of new workflows by carriers and TPAs. The product caters to various P&C lines of business, including auto, homeowners, and general liability, to name a few.
