Innovation Offers

NOVO AI

NOVO AI
Israel
Solution Type: Ready Product/ Solution
Collaboration: Business Collaboration (Joint Venture), Licensing
NOVO AI

1. Technology overview

NOVO AI provides a specialized Intelligence Platform for insurers, leveraging Generative AI and Natural Language Processing (NLP) to automate and enhance the claims management lifecycle. The platform interprets complex, unstructured claims data, allowing insurance providers to streamline operational workflows, reduce manual overhead, and identify fraudulent patterns with unprecedented speed and precision.

2. Highlighted features & specifications

• High Automation: Enables 85% of insurance requests to be processed without human intervention.

• Rapid Detection: Identifies claims abuse and fraudulent activities up to 12 times faster than traditional methods.

• Advanced NLP: Interprets complex claim files and unstructured data using state-of-the-art language models.

• Operational Excellence: Drastically optimizes claim processing workflows to improve customer satisfaction.

• Scalable Intelligence: Designed to handle high-volume insurance portfolios for global enterprises.

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