Overview

Before the breakthrough of automation, and even after that, policy checking has been a manual process. If you are familiar with the task, you must also know how much time and effort this process consumes. A regular policy document or binder consists of around 30 to 250 pages and even more! Going through the exhaustive policy documents, verifying their details with the management systems, and then manually taking notes of differences or matching information to create a checklist sounds quite intimidating. You can only imagine doing it on repeat for each policy !

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Do you know the entire policy check process takes up to 2 hours for each policy? And commercial insurance companies are still following the same old, tedious manual review of policy documents.

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However, you can reduce this time to only less than 3 minutes and your answer is Policy Check Automation.

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Let’s see how Tech Tammina can help!

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Service Lines

Decades of experience in the IT and automation sector and our successful association and proficiency with Appian have led us to build a high-quality Policy Check Automation solution.

Appian RPA, Appian IDP,
and Appian’s Low-Code Capabilities

Our solution is simple and fast and you can implement it to digitize, automate & validate each policy type in only two weeks.

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Data Extraction

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Predefine Checklist

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Color-Coded Errors and Ommissions

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E&O Summary

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On-Screen Visualisation

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Audit-Trail

The growth rate of the commercial insurance market is at 8.5% CAGR
and By 2030, the Market Value of Commercial Insurance is expected to reach $1.62 Trillion.

Methodology

Tech Tammina utilizes its Appian expertise for policy check automation solutions. We have utilized the two big features AI and Bots, of Appian that helped us build this robust and time-efficient solution for commercial insurance carriers.

Appian IDP

Intelligent Document Processing (IDP) has benefited Insurance Agencies / Brokers & Carriers with faster document processing. It has also improved the accuracy of extraction and productivity, and ensured paperless document processing. In addition, since no manual data entry is required with IDP, there are no more human errors, leading the solution to be cost-efficient.

With the help of Appian IDP's AI - Auto ML capabilities, we can analyze and extract relevant data points from any Policy Document irrespective of various formats / patterns.

Appian RPA

Robotic Process Automation (RPA) is transforming the way insurance organizations operate by streamlining their manual processes and reducing the burden on human employees. Appian RPA communicates with legacy business systems and applications to increase productivity by leveraging a scalable, digital workforce.

Using Appian RPA we can accurately extract data from any agency management system based on Policy Number / Type / Customer Name.

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Appian Low-Code

Appian's Low-code capabilities let us rapidly design and build beautiful UIs with quicker development deployments, and integrate all your technologies, data, and systems into a single workflow to accelerate business results. Leveraging such capabilities, we have developed a pre-defined customizable checklist to showcase the difference and matching information consolidated from Appian IDP & Appian RPA.

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Why Tech Tammina?

If you’re wondering why to choose Tech Tammina’s Insurance Policy Check Automation solution, let us tell you that it is both efficient and cost-effective. With a rapid setup, accurate extraction, powerful automation, and the goodness of machine learning, our automation solution will simplify the policy check process.

Compared to the competing solutions, you can get user reconciliation, allowing users to modify / select the missing information from the auto-extracted data. You will also get a highly customizable checklist, verification with AMS, custom workflow, and many more features. On top of that, our solution will cost you just $3 per policy, compared to the competing solutions that cost about $20 per policy. Talk to us today to learn more !

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Register

We are excited to showcase the future of Insurance Policy Validation with our integration lineup!

Stay tuned for more updates and get ready to be amazed by our most versatile insurtech solution!

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