Aureus Tech Systems: Building Cloud, Artificial Intelligence, and Edge solutions-Fast.

Shannon Reed, VP of Product Development, eDiscovery Solutions and Debjit (DK) Kanjilal, Managing Director for Insurance Solutions
An insurance carrier’s greatest expense comes from litigation fees, which are passed onto the customer in the form of higher premiums,” says Debjit (DK) Kanjilal, Managing Director for Insurance Solutions at Aureus Tech Systems. “We can reduce the cost of overhead for the insurance company in every step of the process.”

Aureus helps insurers and law firms improve efficiencies by automating processes and building an evolving infrastructure. Aureus’s eDiscovery and document management system, Anvesa®, focuses on predictive tagging, concept search, and topic modeling while ensuring the privacy and security of huge volumes of data.

“The legal industry handles large amounts of data as part of the litigation process,” says Shannon Reed, VP of Product Development, eDiscovery Solutions for Aureus Tech Systems. “Mining through that data is the primary contributor to litigation hours. This is where Anvesa® comes in.”

Based on keyword searches, Anvesa® refines and reduces the number of documents that the attorney has to review, thereby reducing the hours spent on eDiscovery. Technology makes attorneys and law firms more efficient, and the time and cost savings benefit law firm clients and society at large.

This process is also useful in the insurance industry, where eDiscovery can identify, for example, the frequency of earthquakes in an area. In this instance, Anvesa® takes 200 years’ worth of data and layers it on top of a global world map to determine past earthquake activity and make predictions for the future, which can impact insurance decisions as well as initial purchasing decisions for a consumer or business.

“When attorneys can spend less time going through documents, they can focus on the case and keep costs down,” says Reed.
As an example, one of the world’s leading providers of reinsurance, insurance, and other forms of insurance based risk transfer needed a solution to data management. The company turned to Aureus, whose Insurance Tech solution leverages the power of Microsoft Azure, Azure Databricks, and Azure Machine Learning. The platform integrates multiple native systems into a single, end-to-end solution that features a faster and seamless user interface. It aggregates information on the account level, provides relationship insights, and delivers contact-level details to relevant users. It creates contact profiles from customer interactions, business data, and engagement information alongside external sources. It also leverages native IT environments and integrates into core business applications.


We can reduce the cost of overhead for the insurance company in every step of the process

Aureus transformed the company’s outdated CRM system into a cloud-native Customer Engagement Management Platform that integrates internal and external data sources providing 360-degree customer/broker views. The platform shifted the company into a customer-first culture, resulting in greater customer experience, greater customer retention, and less time pushing paper, meaning more time to focus on quality tasks.

Aureus also educates its customers so that they aren’t dependent on a specific partner

“A digital solution should evolve as the business grows and evolves, which is why we empower companies to adapt Anvesa® as their needs change,” says Aureus COO Abhishek Pakhira. Further, with Anvesa®, the company is democratizing the litigation and insurance industries, enabling smaller firms to function seamlessly and affordably. This allows small firms to take on larger cases and/or access state-of-the-art technology for clients regardless of what they can pay.

Company
Aureus Tech Systems

Headquarters
Greenwood Village

Management
Shannon Reed, VP of Product Development, eDiscovery Solutions and Debjit (DK) Kanjilal, Managing Director for Insurance Solutions and Sujata Bhattaral, CEO & President, Abhishek Pakhira, Chief Operating Officer

Description
As technology advances, Aureus helps insurers and law firms improve efficiencies by automating processes and building an evolving infrastructure. Aureus’s eDiscovery and document management system, Anvesa®, focuses on predictive tagging, concept search and topic modeling.

Aureus Tech Systems