INDUSTRY PAGE
AI for Insurance
Stop Profit Leakage Across the Insurance Lifecycle with AI-driven Verification
The Hercules platform handles the heavy lifting in underwriting, policy servicing, and claims, ingesting and validating large, messy submissions so your teams don’t have to.
Enhance Margins, Accelerate Underwriting
Insurance P&L leaders face a widening gap between the pressure to grow revenue and the necessity of keeping combined ratios low. Flat premium growth, rising claims inflation, and persistent market volatility have become defining hurdles for global insurers. With as much as 40% of an insurer’s expenses locked in just a few dozen core processes, firms cannot afford the continued drag of operational inefficiency.
Yet, critical functions like underwriting, policy servicing, and claims often rely on legacy systems and overworked teams to manually ingest and validate messy data. Underwriters frequently spend hours per file cleaning bordereaux and statements of values (SOVs) for submissions that require 100% manual intervention.
The impact is a high cost-to-serve, slower premium recognition, and a restricted ability to process more risk without expanding headcount. This situation is even more acute for enterprise leaders managing high-volume global portfolios where inconsistent data formats across banks and insurers create constant friction.
Hercules enables accuracy, speed, and compliance at scale
The Hercules platform automatically extracts, transforms, and verifies data from PDFs, bordereaux files, policy documents, and other unstructured sources to eliminate the need for manual re-keying and calculations. By leveraging historical data and industry guidelines, it ensures accuracy and regulatory compliance, significantly reducing risk exposure.
Our platform accelerates time-to-market, cuts operational costs, and allows workers to focus on higher value tasks.
Key features
Structured or Unstructured Data
Our system ingests and extracts from any document such as CSVs, PDFs, scanned files, and more
Complex Extractions + Grouping
Extracts and generates complex data structures like tables and groupings of related data
Rule Enforcement + Compliance
Our domain specific LLMs suggest and extract rules from historical data, external policies, and internal guidelines
Human in the loop
Corrections made by a human in the loop are reinforced, and output accuracy continuously improves
Role-based Access Control
Control over user privileges ensures that sensitive data and projects are accessible to only authorized users
Seamless integration
Implemented on-premises or private cloud, with enterprise-grade security and SOC 2 compliance
View Delegated Authority Webinar
In this fireside conversation, Paul Bermingham, CEO of Ecliptic and Alex Babin CEO of Hercules challenge the current state of delegated authority and lay a path toward real improvement. They’ll show how to reduce inefficiencies, validate risk at the source, and rebuild trust in technology models.
