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![Why we can bet confidentially.
Unfair Advantage
We have unique access to millions of highly variable documents & types to train our AI modules.
Scalable Approach
§ Our production grade tech
platform can run, train, predict,
validate and re-train workflows
for any AI task.
§ Closed & fast feedback loops
§ Easy deployment into existing
system landscape without
interfering with daily operations
§ Small training sets required for
deployment
+[
Pre-trained AI Modules
§ Document Classification, Page
Classification, Entity Recognition,
Template Alignment &
Handwritten Text Recognition
§ High variety of different insurance
document classes: car & health
invoices, policies, e-mails, forms,..
(details see appendix)
§ Transfer learning capabilities
§ Advanced ground truthing,
validation & model versioning
system
+ ]
World-Class AI
Ecosystem
§ Decades of internal team
Machine Learning expertise
§ Exclusive collaboration with leading
research center for Computer Vision
(CVC Barcelona)
§ MIT Media lab collaboration
§ 250+ publications & papers
x](https://image.slidesharecdn.com/omniusnoah19ber-200419114015/85/Omni-us-NOAH19-Berlin-19-320.jpg)
Uploaded byNOAH Advisors
Omni:us - NOAH19 Berlin
The document discusses the impact of AI on the insurance industry within the context of Industry 4.0, emphasizing the transformation towards data-driven processes and cognitive claims handling. It highlights the unique advantages of the omni:us team in developing AI solutions for insurance, supported by extensive document access and collaborations with leading research centers. The presentation concludes with a call for partnerships to embrace AI and drive digital transformation in insurance, aiming for improved speed, transparency, and personalization.
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Omni:us - NOAH19 Berlin
- 1. Industry 4.0 AI inreal life
- 2. @NOAHConference @noah_conference @noah-conference @NOAHConference FOLLOW USONSOCIAL
- 4. Long time ago…. 2004:a robot was born. Qiscan. Mass digitization of documents First wave of the digital transformation.
- 5. 15 years later. Alot of hope & dreams. Ai will change the world. Today. Is that true?
- 6.
- 7. A quick realitycheck.
- 8. General AI isfor dreamers. We are there in 150 years. Argument 1: NN are nothing new.
- 9. 10162023 10112015 <100K1977 10262045 Today is a totallydifferent game. Argument 2: But we see so many new technology drivers....
- 10. At omni:us: General/Horizontal vs. Vertical? Fin.Services M anufacturing Telecom Energy Travel/Transport €73b €45b €27b €25b €16b Manual processes (Avg. 29%) Already Automated A market of €200b across all industries $$$$$$$$$
- 11. FOCUS means lettinggo & is always painful too....
- 12. 0110010010100010101100100101000101111100101001100100101000101011001001010 The omni:us teammade a bet on Verticalization. Hyperverticalization.
- 13. Why insurance…. How canyou be so excited about insurance? Automation & support On-demand, personalized Customer Experience Cognitive data processing & interpretation New data-driven products Increased customer expectations Data explosion Legacy systems New Insurtech competitors
- 14. We have aclear mission. We know exactly what we want. We make insurance better.
- 15. Cognitive claims handling withArtificial Intelligence.
- 16. … to data-driven.Fromprocess-driven The digital transformation of insurance companies with AI.
- 17. Our AI-powered, data-drivenclaims solution. Unlock relevant information with cognitive data intake. 1 2 Material Prices Labor Cost Labor Efforts Fraud indicators Augment decision-support with cognitive intelligence. Communicate fast & transparent with empathy. More Time Full Information Customer Experience + = 3
- 18. Classification Information Extraction Optical(Layout) Region Detection (Computer Vision) Table Detection (Computer Vision) Message Parsing (Graphlets) Classical Methods (Computer Vision) RNN Text Sequence (Text) Word2Vector (Text) What How Algorithms Textual (Context) Regions of Interest + Labeled Extraction NL P NN Optical Classifier NN NLP Topic Model Utilities OCR OCR We are pushing the boundaries of NARROW AI… HTR HTR (Forms) Line Detection Image Alignment Language Model
- 19. Why we canbet confidentially. Unfair Advantage We have unique access to millions of highly variable documents & types to train our AI modules. Scalable Approach § Our production grade tech platform can run, train, predict, validate and re-train workflows for any AI task. § Closed & fast feedback loops § Easy deployment into existing system landscape without interfering with daily operations § Small training sets required for deployment +[ Pre-trained AI Modules § Document Classification, Page Classification, Entity Recognition, Template Alignment & Handwritten Text Recognition § High variety of different insurance document classes: car & health invoices, policies, e-mails, forms,.. (details see appendix) § Transfer learning capabilities § Advanced ground truthing, validation & model versioning system + ] World-Class AI Ecosystem § Decades of internal team Machine Learning expertise § Exclusive collaboration with leading research center for Computer Vision (CVC Barcelona) § MIT Media lab collaboration § 250+ publications & papers x
- 20. Its happening. Insurance isin the middle of a complete digital transformation. EUR 3 bn EUR 0,6 bnEUR 0,6 bn EUR 0,8 bnEUR 1 bn Digitalisation investments until 2020
- 22. It takes alot of energy to change things.
- 23. We are notalone. THANK ALL OF YOU FOR YOUR TRUST AND ENERGY.
- 24. What would bedifferent if we are successful? Why is it worth is to fight for this change?
- 25. We enable insuranceto become: speed, fair & transparent1 more human, focus on us2 Intelligent & preventive3 truly personalized4
- 26. Join us forour ride toward towards the future. We are searching for strategic tech, ecosystem & insurance partners.
- 27. In order toembrace AI today….
- 28. ...we believe inembracing change and therefore vulnerability.
- 29. Breaking walls § https://www.youtube.com/watch?v=ihJZtcOqbUA Andthis way we can break walls. TOGETHER. AND ONLY TOGETHER.
- 30. AI is our hugeopportunity to leverage human potential
- 31.
- 32. Selected Completed NOAHTransactions Focus on Leading European Internet companies Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates Deep understanding of industry dynamics Ability to add value beyond banking advice Facilitates overall process and minimizes management distraction NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry Knowledge of and strong relationships with potential buyers’ key decision makers Proactively finds and unlocks attractive investment opportunities for leading investors Annual NOAH Conference in its 10th year Over 40 years of combined relevant M&A experience Routine execution of M&A and financing transactions with sizes of several billion euros 30 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence Ability to deliver top results in short time frames Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results Creative deal solutions Unique Industry Know-How Unmatched Network and Relationships Strong Investment Banking Competence Full Commitment - We Are Entrepreneurs! EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE® The NOAH Advisors Core Banking Team Marco Rodzynek Managing Director & Founder Jan Brandes Managing Director Nikhil Parmar Director Olek Skwarczek Associate Lukas Schlund Analyst December 2014 October 2014 Sale of 100% of for $800m to Exclusive Financial Advisor to Fotolia and the Selling Shareholders Sale of 100% of for €80m to Exclusive Financial Advisor to Trovit and its Shareholders October 2016 Investment in Exclusive Financial Advisor to KäuferPortal and its Shareholders by 84% Ownership December 2016 August 2017 Financial Advisor to Silver Lake Financial Advisor to EMK Capital Investment in Acquisition of a Majority Stake in by by at a valuation of $200m November 2019 July 2019 September 2018 Financial Advisor to MagicLab Financial Advisor to AU10TIX and its shareholders Financial Advisor to 10bis and its shareholders Acquisition of a 79% stake in $60m Investment in Sale of 100% in by at a valuation of ~$3 billion at a valuation of $260m by for €135m to 10Bis