Automate Insurance Underwriting With AI-Powered Software

Streamline data intake and compliance check processes for insurance underwriting with Klippa’s Intelligent Document Processing (IDP) solution.
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CHALLENGES

The Challenges of Insurance Underwriting

Insurance underwriting requires processing large volumes of documents like insurance applications and financial statements. Manual processing, verification and assessment of these documents often lead to costly delays and errors.
Inconsistent data formats: Documents come in diverse formats complicating data extraction and analysis.
Risk of errors: Manual data entry and review increase inaccuracies, leading to incorrect risk assessments or pricing.
Compliance demands: Insurers must meet strict regulations with detailed auditing, and accurate compliance checks.
Delayed decisions: Lengthy processing times result in slower approvals, impacting efficiency and customer satisfaction.

How Klippa Automates Insurance Underwriting Processes

Klippa’s insurance underwriting software automates key tasks by leveraging AI and OCR technology. It extracts, validates, organizes data from forms and supporting documents, and seamlessly integrates into your desired system.

The Benefits of Automated Insurance Underwriting Software

Klippa automates insurance underwriting tasks such as verifying application data, analyzing financial records, cross-checking supporting documents, and archiving them. This improves decision-making accuracy, reduces delays, and lowers operational costs.

Faster approval times

Reduce processing times by simplifying data capture and validation with automation, enabling quicker insurance underwriting decisions.

Enhanced compliance

Ensure 100% compliance with internal policies and legal regulations through automated compliance checks, eliminating manual effort

Accurate data extraction

AI-powered data extraction and validation minimize errors, ensuring reliable and consistent results regardless of the document type.

Operational costs reduction

Save costs on manual labor and high IT infrastructure expenses with a solution that can be integrated into many existing systems.
KEY FEATURES

Why Choose Klippa As Your Solution

Klippa’s insurance underwriting software provides advanced automation features to deliver accurate, structured data quickly and reliably. From forms and financial statements to digital inputs like emails, any process can be automated with ease.
  • Reach 99% accuracy

    Experience unparalleled accuracy in data capture, ensuring every field is recorded correctly.
  • AI-powered OCR

    We leverage the power of AI to enhance OCR capabilities, making document processing smarter and faster.
  • Wide document support

    Our Document OCR supports various documents in 150+ languages ensuring versatility and flexibility.
  • Seamless integration

    With a comprehensive documentation you can implement our OCR via API or SDK within 24 hours.
  • No code platform

    Build custom workflows, configure processes, and digitize files without technical coding expertise.
  • 20+ formats supported

    We support JSON, CSV, PDF, XML, XLS, XLSX, UBL, PNG, TIFF, DOC, DOCX, JPG, and many more.
  • Multi-page processing

    Upload multi-page documents to ensure scalable, efficient, and accurate document processing workflow.
  • Ensured data protection

    At Klippa, we ensure that our solutions process documents in full compliance with regulatory standards.

Frequently Asked Questions

How does Klippa extract data from documents?
Can Klippa process handwritten documents?
Which document types are supported?  
Which languages are supported by Klippa?
What are the costs of using Klippa?
How accurate is Klippa?
How can I implement Klippa’s solutions?
What does the OCR response look like?
Can I test your platform before committing?
Does Klippa store processed data? 
  • ✓ Secure
  • ✓ Compliant
  • ✓ Protected
  • ✓ Hosted in EU
  • ✓ Trusted

Transform your insurance underwriting processes with automation swiftly.

A demo with our expert showcases how Klippa’s IDP solutions can optimize your insurance underwriting workflows.