The Digital Innovation Award - Eigen Technologies

1. Intro to Eigen’s Insurance Solution
30 March 2021

2. Eigen is trusted and backed by financial institutions and insurers to
supercharge the way value is captured out of documents
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CLIENTS INCLUDE
OUR INVESTORS
Banks
• 33%+ of G-SIBs, including:
• 4 of the top 6 US Banks
• Key clients across US, Canada, Europe/UK, Asia, and South America
Insurers and Asset Managers
• Diverse group of insurers, asset managers, and Hedge Funds
• Select names include:
Law Firms
• Selected partners include:
Consulting Firms
• Selected partners include:
AWARDS & ACCOLADES
As of March 2020, Eigen has raised over $60m.
WE TRANSFORM DOCUMENTS INTO DATA

3. Eigen unlocks data from documents at scale
Data Extraction Platform
Input Output
Unstructured
Documents
Structured
Data
Core process:
Data Extraction
Pre-processing:
Document
Understanding
Post-processing:
Data
Interpretation
Eigen allows clients to gain insights from their diverse document sets in a fast and scalable way.
Our no-code Document AI platform allows insurers to quickly automate the analysis of unstructured data across
document types in a timely manner, at industry-leading accuracy rates, and at a significantly reduced cost
compared to a human-only solution. It automates complex workflows in hours.
Eigen’s engine sits at the heart of your organisation through API integrations, to seamlessly unlock siloed data at
scale.
E.g., Policies,
Slips /MRCs,
claims, bonds,
etc.
E.g., policy exposure
(cyber, covid), key
dates, premium and
limit details, etc.

4. Eigen supports a broad range of Insurance initiatives
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Underwriting
Unlock the value of
your historic data
stores to inform future
policy decision-
making
Optimize asset
selection through
automated eligibility
reviews
Adapt to
requirements of the
evolving regulatory
landscape and
respond to market
events
Focus on value-add by
eliminating manual
rekeying into pricing
and claims systems
Solvency II:
Matching
Adjustments
Regulatory /
Compliance
Operational
Efficiency

5. Our feature with Deloitte in The Actuary Magazine
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6. Optimize Insurance Asset Portfolios under Solvency
II Matching Adjustments
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Eigen can automate the screening
of eligible assets. See video*
Coupon amount
Analyze the
information within
offering documents
that drive eligibility
assessments
Maturity date
Call option
Speed to market
Construct portfolios in a fraction
of the time
Higher returns
Optimize selection within a bigger
pool of assets
Max capital relief (x$bn)
Free up capital for other
opportunities
Eigen Value
Problem
Portfolio managers must
identify assets that are
eligible for certain
insurance portfolios.
This requires granular,
time-consuming
reviews. As a result,
managers often revert to
assets they know are
eligible vs. those which
are best-suited within
the wider universe.
* PW: Digital_Insurer2021_Eigen

7. Ask critical questions on policies & schedules
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Addressing the Covid-disruption in the insurance space
Policies and
Schedules
Eigen NLP automatically answers
critical questions & extracts key
data points such as:
1) Communicable disease or pandemics
coverage
2) Limit of value coverage
3) Limit of time of coverage
4) Is coronavirus/ SARS related disease
included in coverage?
5) Excess value
6) Special events triggers and coverage (e.g.,
Olympics, sporting events, etc.)
7) Other relevant BI coverage (e.g., supply
chain, premises access, etc.)
Any new question or field can be trained up
quickly for custom analysis
Upload your loan documents
via desktop or API
Export to Excel or via
API
+ any other relevant
document

8. Eigen provides significant, differentiated value to its clients
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“[Eigen’s] Natural language processing will dramatically change the way we will operate.
There is a tremendous amount of hidden knowledge locked away at a bank — we’re sitting
on a goldmine. This will give us a way to access it. We will be able to make faster, better
decisions on everything from mortgages to calculating how much collateral the bank
holds.”
- GROUP CHIEF INNOVATION OFFICER
Thanks to the flexibility of the platform, we are now able to use it for the document
analysis steps of our LIBOR transition effort, accelerating the project timescales
drastically. We’re exceptionally pleased by the service we’re getting from Eigen
- MANAGING DIRECTOR, LEGAL
Better decisions &
more profit
Speed to market
Improved
accuracy
No-code
workflow
consolidation
Cost & time
savings via
automation
• Make more complete
underwriting of investment
decisions
• 75-90% time savings
• 60-95% cost savings
• 90%+ straight through
processing
• 20-30% better vs human-only
• 20-40% better vs other NLP
• Fastest to respond to market
changing events, e.g., Covid
• 7X faster doc review time to
underwrite a policy
Best in class path
to production
• Hours to weeks to production vs
months/years
We believe this is one of the first adoptions of AI technology in the life insurance industry
and in Solvency II… human accuracy is around 70%–80%. The human brain is not
designed for repetitive tasks… There is enormous power in combining the strengths of ML
with human review to get to a near-perfect data set.
- DIRECTOR, INSURANCE PRACTICE
© 2021 Eigen Technologies Ltd. All rights reserved

9. 9
Growing Partner Ecosystem
Working with your existing ecosystem to solve your business needs
Document
Repositorie
s
Cloud
Service
s
Workflow
Automatio
n
Data
Reconciliatio
n
BI /
Analytic
s
Consulting, Advisory, & Implementation Partners
© 2021 Eigen Technologies Ltd. All rights reserved

10. Thank you
eigentech.com
contact@eigentech.com
LONDON
60 Queen Victoria Street
London, EC4N 4TR
+44 (0) 7487 550 951
NEW YORK
131 Varick Street
New York, 10013
+1 646 434 3126
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