We help leading corporations reduce paper handling cost and increase efficiency in handling their inbound documents stream.
Insurance claims and underwriting automation refers to the use of technology, such as artificial intelligence (AI) and machine learning, to streamline and improve the efficiency of insurance claims processing and underwriting.
Claims automation involves using AI and machine learning algorithms to quickly and accurately process insurance claims, reducing the need for manual intervention and minimizing the potential for errors.
Underwriting automation, on the other hand, involves using AI and machine learning algorithms to process new policies in an automated way. However, in health insurance, medical reports often need manual corrections due to handwritten reports. Thanks to IFY’s dual entry methodology, a 99,5% accuracy rate of metadata recognition can be guaranteed.
Overall, the use of insurance claims and underwriting automation can help insurers reduce costs, improve efficiency and provide better customer service by reducing the time to process claims and determine premiums.
Save up to 30% to 80%
on your
incoming
post handling costs
Streamlining and automating the creation, approval, processing, and payment of invoices
Save on storage space
& expensive
human interactions
Streamline and improve
the efficiency of
insurance claims
Extract
useful information
from
medical documents
Streamline and automate
the tasks associated with
fines management
Get your processing costs
reduced by
up to 60%
Find and retrieve
HR information
quickly
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