Insurity Document Intelligence, powered by OIP Robotics, leverages advanced machine learning to extract data from documents with 99% accuracy. This significantly reduces operational costs, improves efficiency, and enhances productivity.
Key features of Insurity Document Intelligence include:
- High-Accuracy Data Extraction: Extracts data from documents with 99% accuracy.
- Reduced Operational Costs: Reduces operational costs by up to 60%.
- Faster Submission Processing: Clears submissions 50% faster.
- Improved Underwriting Efficiency: Streamlines underwriting operations and reduces submission turnaround times.
- Enhanced Data Collection: Extracts full, complex datasets at high speed.
- Minimised Errors: Reduces human involvement in handwritten data extraction and ensures data integrity.
By automating data extraction processes, Insurity Document Intelligence enables insurers and MGAs to improve their overall efficiency, reduce costs, and make better-informed decisions.
“We stand at a pivotal moment in the insurance industry, where AI-powered data understanding is no longer just a tool but the gateway to a revolution in workflow automation,” said Mladen Subasic, Chief Product Officer at OIP Robotics.
“By integrating OIPR’s state-of-the-art AI within Insurity’s robust SaaS ecosystem, we enable our clients to achieve greater speed, insights, and growth. Together, we’re leveraging the latest InsurTech advancements to redefine the future of commercial insurance.”
“Insurity Document Intelligence, powered by OIP Robotics, provides significant value to carriers and MGAs by enhancing data extraction accuracy and operational efficiency,” said Chris Lafond, Chief Executive Officer at Insurity.
He added: “By pre-integrating with Insurity Products we are showing our commitment to helping our clients maintain a competitive edge in the industry, further underscoring our dedication to innovation and excellence.”
Source: Insurity
