Identify Coverage Gaps in Insurance Policies
- 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.
- 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?