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Insurtech Insights

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3mo

Mang-Git Ng, Founder and CEO of Anvil - Document SDK, speaks to Sam Davies, Global Partnerships Manager, at Insurtech Insights USA 2024 in New York last month, about the potential for industry-changing innovations. "Our goal down the road is to enable the world where you can effectively build new online experiences simply by uploading a PDF." #insurtechinsights #insurance #insurtech #innovation

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Our goal down the road is to enable a world where you can effectively build new online experiences simply by uploading a PDF. And so we're getting pretty close to that. We have some AI based computer vision models that we're using to identify kind of fields on a PDF that need to be filled out. We're using AI to semantically understand like I mentioned and create good labels and descriptions for fields. And you know the Today we already generate web forms out of PDF's, but we want to make that web form. That much better on the 1st pass so that the individual building it has less work than yeah, yeah. Man get great to have you here in Shurtech Insights USA 2024 this year interested to obviously learn a little bit more about you guys and what you've got going on so yeah maybe just want to give us an introduction to yourself and and Amber. Sure. So my name is I am the founder and CEO at Annville and what ammo does is we help organizations digitize their paperwork processes so we provide. All the software components, we make it really easy to build online experiences that replace PDF and document driven processes that nice. Nice. And how long have you guys been going for? We've been around for about 6 years. Yeah. OK. And what sort of problems, challenges are you looking to sort of solve within the insurance space in particular? Well, I think we all know that there's a lot of paperwork in insurance and I think there are there's a long tail of documents that will seemingly never be digitized, right. I think that the revenue generating. Processes and tasks have already been digitized like yeah, the initial quoting, but you know, the servicing documents that typically are kind of forgotten but provide a kind of a bad experience for for clients and buyers of insurance. That's the type of documents that we are looking to help automate. Yeah, nice. And obviously automation, AI, these are all big buzzwords being thrown around at the moment here in Shurtech Insights. Is that something that is sort of very much on your guys radar in terms of what you're working on at the moment? Absolutely. I don't think anybody would answer no to that question, right? So the way we think about AI is that AI is most useful when it's part of a existing workflow, right? Instead of being a bolt on like an agent, we're using AI to help make the conversion process of going from PDF to an online web form much faster. So anvils AI will semantically understand a template bized form and then break those questions into pages and group them so that they are nicely. You know, nicely structured so that when a client goes through and fills out that information, it's it's really easy for them. But then I answer each question as it passes through. We also use AI for translation, which is great. You want to meet your clients where they are in the language of their most comfortable in. So that's some of the applications of AI today that we're doing and we're always exploring more. Yeah. Nice. Excellent. And I heard a little rumor that there's some interesting developments that are coming along down the lines for you guys. Maybe you could tell me a little bit more about that. Yeah, absolutely. I mean, we're always. Looking to integrate more AI in our product and our goal down the road is to enable a world where you can effectively build new online experiences simply by uploading a PDF. And so we're getting pretty close to that. We have some AI based computer vision models that we're using to identify kind of fields on a PDF that need to be filled out. We're using AI to semantically understand like I mentioned and create good labels and descriptions for fields. And you know the Today we already generate web forms. We want to make that web form that much better on the 1st pass so that the individual building it has less work. Yeah, yeah. And do we have an idea of when this is going to be out and about ready for people to start using or can't, can't, can't share that information just yet. Soon, soon, I would say, you know, within within months. If I, if I were to give a closer time frame my engineering, it would kill me. Nice, nice. Excellent. And obviously hear Insurtech insights. I know you'll be speaking on stage later to our audience. How you finding the event so far? It's been great. A lot of really good meetings. Yeah, met a lot of really interesting insure techs, insurance carriers, MGA's, brokers. You know, again, I think people just really understand the pain point we're trying to solve and just had really good conversations learning about their process and how they deal with it. Excellent. Good stuff. Well, it's been pleasure hosting you here in Shiitake Insights and you know, looking forward to enjoying the rest of day two and yeah, go from there. Awesome pleasure thing. Cheers you.

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