Xceedance/Insurtech Insights/Brochures/Policy Checking Services

Policy Checking Services

Leverage our AI-powered policy checking solutions to improve contract certainty, standardize policy validation processes, enhance data hygiene, minimize E&O exposure, accelerate policy delivery times, augment operational efficiency, boost personnel productivity, and increase profitability

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Commercial insurance is characterized by increasing customer expectations, rising competition and complexity, and E&O exposure. At Xceedance, we deliver on-demand automated Insurance Policy Checking solutions powered by Chisel AI to streamline the policy checking process. Natural language processing (NLP) and machine learning (ML) enable policy-relevant data validation exponentially faster than human personnel. Documentation is cross-referenced and subjected to rigorous accuracy checks to allow a comprehensive policy document validation process. The solution deploys intelligent workflows to enable the examination of structured and unstructured information, the recognition of critical data points, the performance of comparative analysis, and the identification of omissions, errors, and corrections. These capabilities also free up personnel to concentrate on other crucial areas such as risk assessment and nurturing distribution relationships. 

The Xceedance Policy Checking solution adheres to an on-demand delivery model that offers short service activation timelines and competitive pricing options. We have a dedicated team of specialists and domain experts to help you scale business processes in accordance with strategic organizational goals and objectives. The solution also offers a highly intuitive dashboard to calibrate performance metrics and enable your organization to manage expenses and capacity-building priorities. Overall, our policy checking solution facilitates a clear audit trail, enhances operational efficiency, improves customer satisfaction, and increases profit margins through savings on employee costs.

Learn more about our on-demand policy checking services

November 17, 2021