DARAG is to roll out Dgtal's Driller AI tool to carry out real time analysis and valuation of claims portfolios, under a three-year partnership announced today.

Dgtal provides AI that trains and uses long language models, such as GPT, at scale, to unlock greater portfolio visibility.

Driller converts all claims-related documents into machine-readable format, understands document types, identifies counterparties, as well as detects, extracts and analyses key topics.

Alexander Roth, global head of M&A and CEO Europe, DARAG Group, said: “We have been the first mover as a legacy provider in Continental Europe; we now aim to become the first to move to an AI-based business model. The core of what we do is to assume legacy portfolios at competitive prices and to settle efficiently. Since the first pilot with Dgtal, we have been deeply impressed by what AI can achieve -- it is likely to profoundly change the way claims are managed.”

Tom Booth (pictured), CEO, DARAG Group, added: “Combining our transaction experience with AI will cement DARAG’s leading position in the legacy market in Europe. It also offers potential benefits for our global operations in the future. Dgtal is the only relevant deep technology provider with insurance DNA, making them a natural fit for us and we look forward to developing this partnership to the benefit of our clients.”

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