Eastern Alliance Achieves 100x Improvement in Processing Speed with Roots Automation's AI-Powered Digital Coworker [Yahoo! Finance]
ProAssurance Corporation (PRA)
Last proassurance corporation earnings: 2/20 04:25 pm
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Source: Yahoo! Finance
NEW YORK Oct. 9, 2024 /PRNewswire/ -- , creator of the AI-powered and , the world's first generative AI model for insurance, today announced that Eastern Alliance Insurance Group (Eastern) has chosen Roots to significantly improve processing speed with its Digital Coworker. Eastern, part of ProAssurance Group, is a commercial carrier specializing in workers' compensation. This decision has saved Eastern more than 2,700 human hours since Q1 2023. Roots will discuss this and more at October 15-17 A leading workers' compensation provider since 1997, Eastern's claims department was dealing with a significant volume of highly variable (unstructured) incoming documents that needed to be analyzed, indexed and routed to the correct recipient in a timely manner to support Eastern's claim-handling processing. Its mailroom team, the first team to interact with these documents, was handling all documents manually, placing pressure on the team's capacity and impacting claims handling efficiency
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News
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- ProAssurance Co. (NYSE: PRA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- ProAssurance Q3 Earnings Beat on Strong Net Investment Income [Yahoo! Finance]Yahoo! Finance
PRA
Earnings
- 11/7/24 - Beat
PRA
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- PRA's page on the SEC website