Impact for Insurance Companies
Faster underwriter decision
Use the AI toolbox to reduce decision time by up to 75%
- Summarise medical documents in minutes
- Business underwriting ethos at your fingertips for reference
- Eliminate the research and extract, focus on decision making
Straight Through Processing Rates
- 95 – 100% for Medical insurance
- 60-65% for Life insurance
- 50-55% for Criticall Illness
- 45-50% for Disability Income
Lower underwriting costs
Efficiency gains to be had in;
- reducing human input hours
- using technology to enable straight through processing
- standardised processes provide audit and compliance gains
Deploy new products in weeks not years
Pre-configured base rules for
- Life
- Critical Illness
- Health or Medical
- Disability Income
- Financial rules including Occupation Rate Classes and AML codes
