Identify Coverage Gaps in Insurance Policies

The Problem

• Insurance policies are complex, difficult to understand and interpret.
• People/Enterprises do not realize coverage inadequacies, gaps in their policies until its too late.
• Insurance companies and agents struggle to engage average Insurance consumer and educate them on their protection needs.

Solution

• AI/ML platforms can be trained to understand the Insurance policies and extract relevant information from unstructured policies ( Coverage gaps, Limits, Endorsements, Exclusions).
• 3rd party data sources on Risk exposures are growing and available.
• Coverage gaps are identified based on what you should have vs what you have?