Insurance is a data-driven industry. A lot of data gets collected throughout the core insurance business processes from scanned documents such as PDFs, tables, and forms.
With the advent of digitalization and the need for speed, insurers are under constant pressure to move away from traditional data extraction practices and manual data entry, which is slow, expensive, and prone to errors. For Example, manual verification of know your customer (KYC) and supplemental documents takes hours to days in the policy issuance lifecycle in addition to the compliance requirements of masking personal identity cards when used as a proof of address.
Watch this webinar featuring Sivakumar Seshadri, Chief Operating Officer, Al Rajhi Takaful, Nitin Wankhede, Vice President, DataLeverage, ValueMomentum, and Sriram Gudimella, Solution Architect, ValueMomentum as the panel, and get insights on:
- Digitization of vast amounts of data to enhance process efficiencies for better business outcomes
- Automation of document processing for insurers: use cases and benefits
- AI-driven forms digitization – solution demo