Optimizing Insurance Policy Checking with 45 % Reduction in Underwriter Efforts for a Global P&C Insurer

Xceedance transformed the policy checking process for a global insurance broker, helping them reduce manual intervention and accelerate policy issuance. Policy checking is a vital task to ensure compliance, accuracy, and data integrity, but our client faced significant delays due to manual, error-prone processes. Xceedance developed a Python-based automated tool that processed and compared multiple document types—structured and semi-structured—enhancing accuracy and efficiency. By leveraging a configurable confidence scoring system, the solution minimized manual work and enabled faster, more reliable policy issuance across diverse business lines. The result was improved compliance, increased operational efficiency, and enhanced customer satisfaction.

Proven Results:

• Reduced manual effort by 25-35% through automation of the policy checking process.
• Accelerated policy issuance, enhancing the customer experience.
• Improved turnaround times for faster policy issuance and quicker communication with carriers.