TAL has been recognised as an industry-leading innovator after winning silver in the artificial intelligence category for its WunderWriter tool at the Efma Accenture Innovation in Insurance Awards held in France.
The award-winning innovation uses artificial intelligence and machine learning to improve quality assurance in the underwriting process, and was among 320 other innovations submitted to the judging panel.
General manager of innovation at TAL, Dan Taylor, said the award highlighted the ingenuity of the inhouse team, and was a great achievement in an increasingly competitive global field.
“Where previously we only reviewed a handful of cases, WunderWriter now reviews every single case and prioritises those for our QA team to audit, so we’re now focused on the right cases rather than just a random sample,” he said.
“Clearly, this is a step-change for the business and a great demonstration of the potential of artificial intelligence to support our business and our employees.”