REINmaker allows a Machine Learning algorithm to interpret raw data documents and convert them into structured data. From that structured data, a Software Robot does the work of human data entry. Then, Subject Matter Experts (SMEs) validate the accuracy of the Machine Learning algorithm and provide feedback to improve the accuracy of the whole process.
The Current Situation
1 contract = 30 minutes
28,000 records = 840,000 minutes
1,750 workings days = 6.9 years without a break
A daunting task indeed.
As illustrated in the example to the left, in the amount of time a human would take to enter one record (30+ minutes), the bot takes 3 minutes to enter a single record. For a company with nearly 28,000 records to enter, the bot would take 58.3 days compared to the 6.9 years it would take a human. Organizations using REINmaker could continue to reduce this time span by half when adding another bot to complete the task, and so on and so forth.
REINmaker is revolutionizing the reinsurance industry through intelligent automation to process contract and claim entry between 2-3 hours with a 1% human error. The solution eliminates mundane job functions humans encounter daily and allows departments to increase productivity, evolve faster, and continually improve rather than solving one-off problems. REINmaker can be foundational to an insurance/reinsurance company. The newly conceptualized innovation moves these habitually old-school businesses from paper methods to a digital transformation to improve processes.
Doug is responsible for working with the executive and business development team in bringing OZ's Salus solution to market. He leads OZ's business development efforts and is single-minded in finding ways to provide his clients with the right solutions to solve the challenges they face in dealing with the challenges associated with the COVID-19 pandemic.
He has 20+ years of experience advising companies in the technology, professional services, and manufacturing space on business development, customer experience, and leadership best practices. Doug is the company’s spokesperson, and key point of contact for COVID-19 test manufacturers, having developed relationships with multiple international providers.
Previously, Doug was one of the founders of a company in the litigation consulting space, which grew over 17 years from three employees to over 300, and was successfully sold to a 55,000 employee public company. He is a frequent national speaker on business development, communications, customer experience, and leadership best practices.
OZ is a leading global consulting company whose services and solutions enhance Customer Experience through digital innovation.