ECLIPSE: Holistic AI System for Preparing Insurer Policy Data

Reinsurers possess high volumes of policy listings data from insurers, which they use to provide insurers with analytical insights and modeling that guide reinsurance treaties. These often act on the same for their own internal analytics needs. The problem is this messy needs significant preparation in order extract meaningful insights. Traditionally, has required intensive manual labor actuaries. However, a host modern AI techniques ML system architectures introduced past decade can be applied insurance preparation. In paper, we explore novel application AI/ML poses its unique challenges, by outlining holistic AI-based platform developed, ECLIPSE (Elegant Cleaning Labeling Insurance Policies while Standardizing Entities). With ECLIPSE, actuaries not only save time but build more effective loss models crisper