Reimagine end to end underwriting with AI-enabled Document Processing
DOCIPHI IN UNDERWRITING WORKFLOW
Submission Intake
Intake of Applications, Acceptance of Submissions, Collection of Information
Submission Triage And Prioritization
Sorting of Submissions, Assessment of importance, Ranking of Applications
Data Extraction
Tailored information retrieval for loss run reports, ACORD forms, etc
Data Validation
Verification of Data, Confirmation of Accuracy, Examination of Records with the Human in the loop assistance.
Al-Led Underwriting Decisions
Tailored Al-Underwriting Insights and Dashboards to promote Better Decisions
Problems We Solve
End-to-End Underwriting Automation
Seamlessly integrate with no code/low code, automate submission intake, and offer a seamless underwriting experience.
Live Email Ingestion
Enrichment using internal and external databases
Reduction of underwriting effort by 50%
Digital Submission Intake
Leverage state-of-the-art Al and ML technologies to collect and organize information from submitted loss runs documents.
Out-of-the-box accuracy of 80%
Seamless extraction of table formats
Splitting of large & combined PDF documents based on carriers
Automation for new business
Streamline processing, reduce error rates, and improve turnaround time while enhancing the customer experience for new businesses.
Extract handwritten or scanned WC and CC forms
Out-of-the-box accuracy of 80%
State-of-the-art automated classification models
How Does Automating Underwriting Benefit You?
40%
Time saved for underwriters from administrative tasks
70%
Reduction in underwriting submission intake time improving expense ratio
Better Prioritization and Risk Selection
by Underwriters improving loss ratio
50%
Reduction In Error Rate
15%
Growth in overall satisfaction