The average underwriting and claims teams spend up to 40% of each day processing unstructured data found in the reams of documents pouring into insurance businesses daily. Over 80% of insurance industry data is locked within emails, attachments and paper documents – creating major bottlenecks in underwriting and claims management.
The impact? Revenue leakage of $0.14 on every dollar. Slower quote turnaround times. Delayed claims payments. Frustrated customers. And burned-out employees performing manual data entry instead of focusing on higher-value work.
Our new publication, “Solving the Insurance Industry's Unstructured Data Challenge with AI” is a comprehensive guide that explores cutting-edge AI technology as a transformative solution to insurance’s unstructured data challenges.
Download this publication now to:
- Discover why traditional automation solutions have failed to deliver ROI
- Learn how AI can extract 90% more data from submissions with 95% accuracy
- See how leading insurers are reducing underwriting time by up to 70%
- Understand how AI-powered claims processing can drive significant improvements to combined ratios
- Get a practical roadmap for implementing AI solutions in your organization
Plus, gain valuable insights into how insurance-specific Generative AI is helping companies achieve:
- 90% faster document handling time
- 70% straight-through processing
- 1-3% improvement in loss ratios
- Enhanced compliance and security
Download this helpful resource to learn how your organization can turn the unstructured data challenge into a competitive advantage.
Discover practical strategies for unlocking trapped value in your documents while empowering your teams to focus on what matters most – delivering outstanding protection and service to your policyholders.
Use the form to download your copy now.
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