How AI Learns to Read Insurance Policies (w/Ron Glozman, Founder Chisel AI)

Ron Glozman, Founder Chisel AI studied computer science and business, taught his computer to read and created an algorithm to detect what course content to read in order to pass exams. His app went on to be ranked All Time Top 50 for students by Google. Based on this success, one of the largest insurance brokers reached out about policy checks, errors & omissions. So Ron taught his computer how to read insurance policies and automate the process.

From start-to-finish this whole episode is a fascinating deep dive into how Insurtech actually works! Ron explains in detail how natural language processing works, from entities, types of nouns and numbers and the relationships that override others eg. policy limits, deductibles, premium, names of the carriers and insured. Chisel AI trains its algorithms on 180,000 unique data examples every month. This is how software gets 'smarter' over time.

Follow 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.