Cognitive Automation
for Underwriting

Reduces running costs and errors simultaneously.

Description of Problem

Every day, the client needs to do tedious manual tasks in their underwriting process. The staff needs hours or even days to evaluate risks and deciding how much coverage to charge a prospective client with a specific kind of profile.

The company has thousands of existing customers and it has been growing day by day. This means that the underwriter needs to evaluate both new inquiries and existing customers who need any changes in their policies. The underwriter will also need to make decisions for any special cases above and beyond the underwriting guidelines.

That’s just the beginning, there are many tedious tasks that await if there is any document or information that is missing or not completed.

Client Overview:

The client is an insurance company that distributes travel, motor, health, home coverage, etc.

Industry:

Insurance

Processes Type:

Underwriting

How Gleematic Helps

Gleematic is able to gather data from hundreds of insurance applications and check against various types of listings (e.g. Net Reveal/ Factiva) round the clock. Gleematic gets it done 5X faster than humans.

Gleematic will pull out and analyse data and information in the documents. Our bots then will calculate potential risk for a specific client or profile.