CHARLEE.AI is Artificial Intelligence, Natural Language Processing, and Machine learning-based Predictive Analytics for insurance! The team at CHARLEE.AI created Charlee™, an A.I. solution that predicts litigation and severity based on data from all sources within the claim file, claim documents, underwriting files, news media, and third-party data utilized by an insurance carrier.
Charlee™ supplies the user with actionable insights and predictions through a pre-defined dashboard. Charlee’ pre-defined dashboard and key performance indicators (KPI) help reduce loss adjustment expenses, claims cycle times, litigation, severity, and manage reserves efficiently so your operational teams can prioritize predicted open claims. In short, CHARLEE.AI can increase your profits by taking the guesswork out of most of your decision-making.
Charlee™ is the first insurance pre-built and pretrained insights and predictive analytics solution for the insurance industry. Charlee has been pre-trained for personal auto, homeowners, general liability, commercial auto, commercial property, and business owners policy. Our current line of pre-defined dashboards features proprietary KPIs for severity predictions and litigation predictions. Charlee litigation predictions start at first notice of loss (FNOL) and are currently 90% accurate. Charlee severity predictions start at first notice of loss (FNOL) and are currently 80% accurate. The pending or open claims with these predictions can be prioritized into the workflows by a Claims Manager.