Expedite the Insurance Intake Process with Intelligent Document Processing
Because of the prevailing economic uncertainty, insurances are receiving a substantial influx of new submission requests. However, they don’t have the technology in place to adequately process the relevant information – losing out on potentially billions in new business.
Unfortunately, underwriting support teams are currently committed to manually processing these intake documents – allocating as much as 45% of their time to administrative tasks. These tasks involve the extraction, consolidation and enhancement of data, diverting their attention from their primary responsibilities: assessing risks and delivering exceptional customer service.