Fortune 100 insurance company claims to use deep learning and natural language processing to cut down lengthy contract review time to under a day

April 03, 2020 | Case Study

An undisclosed Fortune 100 insurance company needed to analyze thousands of contracts to determine which of its customers to market new products to. This process required its legal team to manually review the contracts and gather feedback from other members of the team by exchanging and commenting on relevant clauses via email. Due to the manual efforts and inefficiencies involved, the process typically took four to five months for each new product offering. 

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