Making the Case for Using AI to Automate Insurance Policy Checking

Eliminate the need for red pens and yellow highlighters. Compare new policies to existing policies, binders and other documents on screen to verify and validate policy language, coverage, and endorsements to accelerate the quote-to-bind process. Leverage Data in downstream processes by deploying an AI solution that can extract, interpret and classify the data from unstructured insurance documents and automatically feed the data into other core systems to supporting other business processes and the ability to just do more. Today data re-keying can take 2 to 4 hours, with an AI solution purpose-built for commercial insurance this can be reduced to seconds. Significantly freeing up knowledge workers to focus on more strategic initiatives and accelerating downstream processes.