Policy Servicing process workflow
Our advanced AI platform and intelligent workflows automate high volume, mundane processes like policy checking. By digitally transforming routine brokering activities, insurance brokers can double their business and deliver a better customer experience without adding staff. AI Platform now can directly generate the database for excel, ERP, CRMs by extracting the relevant information from policy documents for all kinds of Insurance companies
Challenges in the Policy Servicing processing.
Compromised accuracy even after multiple checks
Slow processing workflows
Loads of manual workforce blocked on a repetitive tasks
Impact of our solution
Expedite policy processing
Minimise cost
Level up business efficiency
Scale anytime
Capabilities
Making your daily operations efficient
Plug in 3rd party data sources
Lot of extraction fields are dependent on external data sources which can be plugged in easily to achieve the maximum automation while processing policies
Configure custom rules
Every broker requires different fields from the policies based on their business model and puts further intelligence, it is being taken care by curating custom solution for each organization
No verification required
100% automation using our in house managed workforce which helps you to skip the verification step in the real time and makes the operations efficient and scalable for your organization
Actionable output format
Extraction output is ready to be imported into your ERPs, CRMs, etc matching your custom format and enabling you perform further analysis and track the key metrics with higher accuracy
Quotation Comparison process workflow
AI solution for commercial insurance reads unstructured insurance data hundreds of times faster than a human. Our solution automatically recognizes over 500 insurance-specific data points including limits, premiums, deductibles, coverages, exclusions, and more. To work closely with commercial insurance brokers we've developed an AI Platform responsible for automatically extracting the data from different commercial lines carrier quotes, comparing quickly and easily find the best coverage, terms and conditions, and premium, improving the client experience.
Challenges in the Quotation Comparison processing.
High waiting period for customers
Complex understanding for comparison
Inefficiency in suggesting best quotes to customers
Impact of our solution
Reduce turnaround time
Low operational cost
Suggesting best quotes
Improved broker agent relationship
Capabilities
Making your daily operations efficient
Increase access to policy, loss data
Extracted data can enrich your book of business and can be used to maximise on the placement opportunity with carriers
Generate comprehensive comparison
Once the data points are extracted, multiple quotes are compared side by side on the same scream to suggest the best fit quote and improve customer experience
Auto bind quotes
After the extraction and comparison, quotes are bind validating client coverage, terms and conditions efficiently
Automate submission preparation
Automating the data extraction and preparing the submissions based on the acquired client needs and priority consumables by carrier partners