Softlogic Life introduces Sri Lanka’s first AI-powered Annual Report Analyzer

Accessing content easier, quicker, simpler for stakeholders

Sri Lanka’s fastest-growing life insurer, Softlogic Life, launched ‘Annual Report Analyzer’, Sri Lanka’s first AI-powered tool that analyses and interprets information from its Annual Report titled ‘Bigger, Better, Bolder’. By revolutionizing the analysis of company data, Softlogic Life Annual Report Analyzer will offer stakeholders a quicker, simpler, and more efficient means of accessing critical information.

With the introduction of the Annual Report Analyzer, the traditional approach to reading annual reports undergoes a profound transformation. Gone are the days of strenuously flipping through page after page to access the necessary information. This innovative tool revolutionizes the reading of annual reports by employing advanced artificial intelligence capabilities and machine learning algorithms to swiftly process vast amounts of data. 

Now accessible at https://annualreportaianalysis.softlogiclife.lk, stakeholders can effortlessly extract key insights and critical data points within seconds by simply typing a query in the textbox. This eliminates the need for tedious manual searching and provides a streamlined and efficient means of accessing information, empowering stakeholders to make informed decisions with speed and accuracy.

Built on Microsoft’s Open AI platform, The Annual Report Analyzer introduces key features designed to revolutionise data analysis within annual reports. With rapid data processing capabilities, stakeholders can instantly analyze extensive data, saving valuable time and resources. Furthermore, the tool simplifies interpretation by seamlessly translating complex information into clear and actionable insights, ensuring that even the most intricate details are readily understandable. Additionally, enhanced accessibility empowers stakeholders with user-friendly tools for data exploration, fostering a deeper understanding and facilitating informed decision-making processes. This comprehensive approach to annual report analysis sets a new standard for efficiency, transparency, and innovation within the industry.

Commenting on the latest introduction, Softlogic Life Chief Financial Officer Nuwan Withanage said, “We have always been at the forefront of introducing several industry firsts in digitizing annual reports, including Sri Lanka’s first video Annual Report and ‘Generate Your Own Report’. Similarly, our AI-powered Annual Report Analyzer marks a significant milestone in our commitment to harnessing technology for the benefit of our stakeholders. This pioneering tool signifies a strategic leap towards empowering stakeholders with unparalleled insights for informed decision-making. With its rapid data processing, simplified interpretation, and enhanced accessibility features, this tool epitomizes our dedication to innovation and excellence in providing actionable insights. We are proud to lead the charge in digitalizing annual reports, setting a new standard for efficiency and transparency in the industry.”

Softlogic Life Chief Digital Innovation Officer Saranga Wijayarathne commented, “In a global landscape where many are navigating the integration of AI into their business strategies, Softlogic Life has distinguished itself by successfully aligning AI technologies with its operations. This is a result of the exceptional capabilities of our in-house innovation team and the strategic collaborations with partners such as Microsoft. These partnerships have empowered our team to explore new frontiers, translating visionary concepts into tangible outcomes such as

as enabling AI-based underwriting and claim settlement in less than 2 minutes, which have set a precedent for enhanced efficiency and convenience for our end consumers. The launch of the Annual Report Analyzer is yet another example of how Softlogic Life utilizes the power of AI to drive value to stakeholders, and we will continue with this momentum to meet the evolving needs of our stakeholders."

Softlogic Life’s latest innovation heralds a new era of efficiency and transparency in corporate reporting. Whether for investors, analysts, or other stakeholders, this revolutionary tool promises to streamline the data analysis process, enabling informed decision-making and fostering greater trust and confidence in the company.

Image Captions

Image 01 - Softlogic Life Chief Financial Officer Nuwan Withanage

Image 02 - Softlogic Life Chief Digital Innovation Officer Saranga Wijayarathne

About Softlogic Life

Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is a part of the Softlogic Group, which is recognised as one of Sri Lanka’s most diversified conglomerates with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services. Significant stakeholders in the Company include global investor Leapfrog Investments, which manages funds over USD 2 billion, and has an impressive investor base that includes many of the world’s most prestigious investment organisations.