launches its NLP and ML based product ADEPT for Insurance sector - GADGET-INNOVATIONS launches its NLP and ML based product ADEPT for Insurance sector

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, a Natural Language Processing and Machine Learning based cognitive fintech company is launching its product ADEPT for the insurance and insurance brokerage industry.



ADEPT is an extension of their core AI platform Vector into the insurance sector. Through this product insurance brokers can embed and operationalise AI through an automated assembly line to ingest and interpret all types of structured and unstructured data, across a range of products related workflows.



ADEPT is a culmination of one year of analysis, testing, creation of corpora and writing their own proprietary NLP and ML algorithms for contextual understanding of the insurance sector.




The use cases already configured for ADEPT include:


  1. Request for quote automation using SLIP


  1. Facilities Management


  1. Claims processing


  1. Contract Certainty


  1. Next generation drilldown Dashboards


  1. Machine learning based intelligence
 aims to replicate its success it has seen in Investment banking where it increased straight through processing to >98%+, which has helped them scale with rapidly changing market environments as well improve customer experience significantly.



Mumbai, 3rd March 2021