{"id":2449,"date":"2021-11-18T11:30:47","date_gmt":"2021-11-18T02:30:47","guid":{"rendered":"https:\/\/cinnamon.ai\/new-cinnamon\/news\/20211118_edsp"},"modified":"2023-12-22T17:05:53","modified_gmt":"2023-12-22T08:05:53","slug":"20211118_edsp","status":"publish","type":"news","link":"https:\/\/cinnamon.ai\/en\/news\/20211118_edsp\/","title":{"rendered":"Artificial intelligence technology startup Cinnamon AI begins providing AI-OCR to E-Design General Insurance's new car insurance "&e". Supporting new experiences that are closer to each customer through insurance"},"content":{"rendered":"

The Company announced that E-design General Insurance Co., Ltd. (President: Shigeo Kuwabara), a direct non-life insurance company of Tokio Marine Group, will<\/span>11<\/span>Month<\/span>18<\/span>&e (Andy), a new car insurance company that uses the latest technology to be released from today and provides customers with a new experience.<\/span>&e)<\/span>For the purpose of automatically reading insurance policies,<\/span>AI-OCR \u201cFlax Scanner\u201d<\/span>We will start offering. Uploaded insurance certificate<\/span>A.I.<\/span>By reading and converting it into data, we support smooth insurance switching procedures.<\/span>\u00a0<\/span><\/p>\n

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\u00a0<Business background>\u00a0<\/strong><\/p>\n

At &e, we provide safe driving support services that link IoT sensors and smartphones in order to work closely with each customer and reduce the number of customers involved in accidents.<\/span>&<\/span>e<\/span>teeth,(<\/span>1) A simple and easy-to-understand insurance service that makes full use of AI, (2) Achieving a new experience with the latest technology such as "1-tap accident notification" and IoT sensors, (3) Supporting safe driving for customers, 4) Collaborate with customers to create a world free of car accidents<\/span>It has the following characteristics. Among these, Cinnamon AI has the shortest<\/span>60<\/span>A is a core technology that allows all procedures to be completed on a smartphone, such as completing insurance premium calculations in seconds.<\/span>I<\/span>by<\/span>We provide automatic reading technology for insurance policies. &e is currently applying for a business model patent.<\/span>\u00a0<\/span><\/p>\n

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&e's official website is here.\u00a0<\/strong><\/p>\n

https:\/\/www.e-design.net\/<\/span>\u00a0<\/span><\/a><\/p>\n

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<Technical background>\u00a0<\/strong><\/p>\n

At Cinnamon AI, we are continuously developing technology related to the recognition and utilization of unstructured data.<\/span>. Insurance policies have different forms and contents for each insurance company, but Cinnamon AI's<\/span>AI-OCR "Flax Scanner" has realized the technology to read these various insurance policies. Also,<\/span>Recently, information from forms and documents<\/span>By applying a question-answering approach to the extraction technology and devising a new network structure, we have achieved improved accuracy and 2 to 5 times faster processing speed than conventional methods. These achievements have been highly evaluated at international conferences, and we received the Best Paper Award at ICDAR2021 (International Conference on Document Analysis and Recognition) (*). In this project, we have achieved the ability to read insurance policies in less than 5 seconds on average (processing speed within the AI-OCR model).<\/span>&e contributes to creating an excellent customer experience.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span>*IDCAR2021 Best Paper Award\u00a0<\/span>The winning paper (in English) can be viewed here.<\/span>\u00a0<\/span><\/p>\n

https:\/\/arxiv.org\/pdf\/2106.00952.pdf<\/span>\u00a0<\/span><\/a><\/p>\n

\u00a0<Future outlook>\u00a0<\/strong><\/p>\n

Tokio Marine Holdings Co., Ltd. has announced that E-Design General Insurance, the direct non-life insurance company of the Tokio Marine Group, will be newly integrated into the group's digital insurance company.<\/span>By positioning it as an R&D base and transforming into an insurtech insurance company,<\/span>Group-wide digital<\/span>We will further accelerate R&D and create new value for our customers and society.<\/span>\u00a0<\/span><\/p>\n

Cinnamon A<\/span>I<\/span>is based on the Harvest Loop (a loop-type business structure: architecture in which data is automatically accumulated and leads to sustainable business growth), which we advocate as the core of a company's growth strategy. Driven<\/span>Drive implementation of AI growth strategy<\/span>To this end, we will strengthen our collaboration with E-Design Sompo Insurance.<\/span>\u00a0<\/span><\/p>\n

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[E-design General Insurance Co., Ltd. Company Profile]<\/span>\u00a0<\/span><\/p>\n

Company name: E-design General Insurance Co., Ltd.<\/span>\u00a0<\/span><\/p>\n

URL:<\/span>https:\/\/www.edsp.co.jp\/<\/span>\u00a0<\/span><\/a><\/p>\n

Location: Nishi-Shinjuku, Shinjuku-ku, Tokyo<\/span>3-20-2<\/span>\u00a0<\/span><\/p>\n

Established:<\/span>January 26, 2009<\/span>(Established as E-Design Sompo Insurance Preparation Co., Ltd.)<\/span>\u00a0<\/span><\/p>\n

Representative: Shigeo Kuwabara, President and CEO<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

[Cinnamon Co., Ltd. Company Profile]<\/span>\u00a0<\/span><\/p>\n

Company name: Cinnamon Co., Ltd.<\/span>\u00a0<\/span><\/p>\n

URL:https:\/\/cinnamon.is\/<\/a><\/span>\u00a0<\/span><\/p>\n

Address: 6th floor, Spirit Building, 3-19-13 Toranomon, Minato-ku, Tokyo<\/span>\u00a0<\/span><\/p>\n

Established: October 2016<\/span>\u00a0<\/span><\/p>\n

Representative: Mirai Hirano, Representative Director, President and CEO<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Recruitment page (please see here for available positions and how to apply):<\/span>\u00a0<\/span><\/p>\n

http:\/\/cinnamon.is\/recruiting\/<\/span>\u00a0<\/span><\/a><\/p>\n

\u00a0<\/span><\/p>\n

\u25a0Business content: Artificial intelligence consulting business, artificial intelligence product business\u00a0\u00a0<\/strong><\/p>\n

Cinnamon AI's mission is to "create a world full of creativity with AI," and we are working on developing advanced business AI solutions, and we have a track record of providing them to many major domestic companies. In addition, we have established artificial intelligence laboratories in Vietnam (Hanoi and Ho Chi Minh City) and Taiwan, and have succeeded in recruiting a large number of AI engineers. Recently, in addition to the AI OCR "Flax Scanner," we have begun commercializing the specialized voice recognition technology "Rossa Voice," and have begun selling it mainly to major companies. In addition, Cinnamon AI has many advanced AI algorithms based on three unique research areas: \u201cDigitize,\u201d \u201cStructure,\u201d and \u201cUnderstand.\u201d We are continuously developing business AI solutions that utilize unstructured data.<\/span>\u00a0<\/span><\/p>\n

\u25a0Overview of AI-OCR engine \u201cFlax Scanner\u201d\u00a0<\/strong><\/p>\n

Most of the business documents used on a daily basis are unstructured and require human effort to incorporate into business systems, resulting in a lot of waste in white-collar work. Cinnamon uses an artificial intelligence document reading engine to fundamentally reform white-collar work. The target documents are:<\/span>It can handle a variety of documents, including PDFs, Word files, and paper documents such as printed and handwritten documents. Currently, we provide engines to many major companies, including those in the financial and insurance industries.<\/span>\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"

We are pleased to announce that E.Design Insurance Co., Ltd. (President and CEO: Shigeo Kuwabara, hereinafter referred to as E.Design Insurance), a direct non-life insurance company of the Tokio Marine Group, will launch a new service on November 18, 2021, utilizing cutting-edge technology to provide customers with a new experience. [\u2026]<\/p>","protected":false},"template":"","news-cat":[79,27],"news-tag":[],"class_list":["post-2449","news","type-news","status-publish","hentry","news-cat-79","news-cat-press"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news\/2449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:attachment":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/media?parent=2449"}],"wp:term":[{"taxonomy":"news-cat","embeddable":true,"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news-cat?post=2449"},{"taxonomy":"news-tag","embeddable":true,"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news-tag?post=2449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}