Cortical.io delivers highly efficient AI-based solutions that enable enterprises to unlock the full potential of unstructured text. Our flagship product, SemanticPro, is an intelligent document processing solution that accurately extracts, analyzes, and classifies information based on meaning, providing a robust foundation for automating labor-intensive document workflows. With more than a decade of experience in implementing natural language understanding (NLU) solutions, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across diverse use cases for Fortune 500 companies. In the insurance sector, our solution helps streamline policy processing by accelerating document intake, improving the accuracy and efficiency of quote preparation and policy comparison, reducing errors, and enhancing customer response times and operational efficiency. Cortical.io is headquartered in Vienna, Austria and has offices in the U.S. (New York and San Francisco).
The ACA Innovation Award 2024, organized by the Association of Insurance and Reinsurance Companies (ACA), is a flagship event in Luxembourg aimed at promoting innovation within the insurance sector. This competition brings together startups, insurers, reinsurers, and members of the ACA ecosystem for a day dedicated to collaboration and creativity.
This year’s finalists presented innovative solutions focused on two essential themes: automation and digitization of processes, and optimization of customer relations. With the support of sponsors and guidance from ACA members, the startups were able to refine their projects, showcase their potential, and move closer to establishing strategic partnerships with Luxembourg insurers. This event reinforces ACA’s role as a catalyst for innovation in insurance, facilitating collaborations and paving the way for the adoption of new technologies within the industry.
