POLICY CHECKING

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The Problem
  • Insurance policies are complex and difficult to understand and interpret.
  • Both enterprises and individuals do not realize coverage inadequacies and gaps in their policies until it is too late and uncovered losses are incurred.
  • Insurance companies and agents struggle to engage the average consumer and educate them on their protection needs.
Solution
  • AI/ML platforms can be trained to understand insurance policies and extract relevant information from unstructured policies, quickly identifyingcoverage gaps, limits, endorsements, and exclusions.
  • 3rd party data sources on risk exposures are growing and becoming widely available. Coverage gaps are identified based on what is required vs what is covered.