Accelerating insurance policy reviews with generative AI: Verisk's Mozart companion
Verisk's insurance customers spend significant time regularly reviewing changes to policy forms, with change adoption taking days or weeks due to the complexity and unstructured nature of legal policy documents.
The initial generative AI model results were not close to the desired level of accuracy and consistency, requiring iterative redesign, multiple foundation model calls, and testing of various foundation models before achieving acceptable quality.
The Mozart companion generates over 90% good or acceptable summaries and reduces policy change adoption time from days or weeks to minutes, increasing productivity and enabling timely implementation of changes.
Frequently asked questions
What did this team achieve with this AI workflow?
The Mozart companion generates over 90% good or acceptable summaries and reduces policy change adoption time from days or weeks to minutes, increasing productivity and enabling timely implementation of changes.
What tools did this team use?
Amazon Bedrock, Amazon S3, AWS Batch, Amazon Titan Text Embeddings, Amazon OpenSearch Service, AWS Lambda, Claude 3 Sonnet, LangChain.
What results were reported?
Change adoption time: from days or weeks to minutes; Summary quality rate: over 90% good or acceptable summaries (source-reported, not independently verified).
What failed first in this deployment?
The initial generative AI model results were not close to the desired level of accuracy and consistency, requiring iterative redesign, multiple foundation model calls, and testing of various foundation models before a…
How is this legal document review AI workflow structured?
Periodic document ingestion and embedding → User selects documents to compare → AI-generated change summary → Change details output to user → Expert evaluation and iterative feedback.