DigitalOwl Recognized as Top 100 Most Innovative Insurtech Companies in 2024

New York, US, October, 9, 2024—DigitalOwl, a provider of advanced AI solutions for the life insurance and legal industries, has been recognized as one of the top 100 “most innovative insurtech companies” in 2024 by FinTech Global. 

FinTech Global is the world’s leading provider of FinTech information services, B2B media products and industry events. They inform, promote, and connect FinTech buyers, sellers, investors, and innovators worldwide, serving a network of over 300,000 FinTech professionals and enabling them to get the information they need to make better business decisions and to connect and engage with the people and organizations they want to do business with. 

In 2024, DigitalOwl achieved numerous significant milestones and advancements. They transitioned from a PDF-based solution to an all-in-one platform, providing their customers with an incredibly intuitive interface and much greater flexibility. This transformation has made it easier for users to manage and analyze medical data, enhancing their overall experience and productivity.

In addition to this major transition, earlier this year DigitalOwl introduced two groundbreaking modules: ‘Chat’ and ‘Workflows’. Their ‘Chat’ module revolutionizes the way users interact with medical records by allowing them to directly ask questions and receive instant, accurate answers. This feature dramatically reduces the time spent sifting through extensive documentation, enabling quicker and more informed decision-making. It also offers click-to-evidence functionality, allowing clients to easily access the source document with a single click, building trust.

DigitalOwl’s revolutionary new ‘Workflows’ module transforms the creation of workflows and decision trees into a straightforward, user-friendly experience. It unleashes unprecedented efficiencies by automating decision-making processes, integrating custom workflows, and adapting template modifications or plug-and-play presets from expert partners, resulting in dramatic time savings and the flexibility to create fast, efficient decision trees. With Workflows, users have full control over AI-generated answers with a dedicated UI and multiple-answer format, enabling them to ask about anything in the medical records. This flexibility ensures that Workflows can meet the specific needs of our clients. By enabling comprehensive automation across a broader range of processes and products, Workflows enhances sales potential and improves efficiency, driving business growth. In essence, the Workflows module revolutionizes how professionals interact with complex data, making decision-making faster, more accurate, and incredibly efficient.

"DigitalOwl’s Workflows is a game-changer for the insurance industry. The ability to assess severity, rather than merely noting the impairment, is transformative. I anticipate our efficiency will increase well beyond the current 60% to 70% time savings we're already achieving," said Zach Pugh, Chief Underwriter and Vice President of Underwriting Transformation at Legal & General America.

In 2024, DigitalOwl also announced several significant partnerships and accolades that underscore their commitment to innovation and excellence. Among these, DigitalOwl’s strategic investment and exclusive global life and health reinsurance partnership with Reinsurance Group of America stands out, highlighting their growing influence in the industry. DigitalOwl has also formed a strategic partnership with Dynacare to leverage Generative AI for enhanced medical record data extraction, and established collaborations with Nationwide and LIBRA. These partnerships are a testament to our cutting-edge technology and trusted relationships in the industry.

This marks the second consecutive year that DigitalOwl has been named one of the top 100 most innovative insurtech companies by FinTech Global.

About DigitalOwl

DigitalOwl is an InsurTech platform empowering insurance professionals to transform complex medical data into actionable insights with unprecedented speed and accuracy. At the core of our innovation lies proprietary Generative AI. By leveraging our comprehensive Medical Knowledge Base, our AI goes beyond entity recognition, contextualizing medical nuances for more informed decision-making. 

With DigitalOwl, you can revolutionize underwriting processes, streamline post-issue audits, enhance claims processing, and achieve unparalleled accuracy in risk assessment. Our platform empowers you with actionable insights, making medical record review seamless, efficient, and transformative. Embrace the future of insurance with DigitalOwl and unlock new possibilities for your business.

For more information about DigitalOwl, visit www.digitalowl.com and follow DigitalOwl on LinkedIn.

Contact:

Alex Kane

press@digitalowl.com