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Lomin supplies document AI agent to support Korean Re automation of insurance rate calculation

Document AI company Lomin said on Tuesday it supplied its document AI agent, also called Lomin, to Korean Reinsurance’s project to build an AI assistant for calculating rates for special insurance. The project applies AI to rate-setting tasks in the special insurance underwriting process. Lomin handled retrieval-augmented generation preprocessing, classifying and parsing submitted documents such as rate request forms and questionnaires, extracting required information and converting it into structured data.