Automating Policy comparisons and DOI submissions with AI

Insurance companies have a constant need to comply with upcoming regulatory changes. With each state having their own laws and guidelines it becomes very cumbersome and time consuming for the insurance providers to compare versions of the policy documents and come up with an acceptable format for Department of Insurance (DOI) submissions.

Added to this there is a need to submit a 3 column excel format of the changes made in the policy in terms of additions, deletions and replacement. Also there is a need to show the new words added to the policy in Red color and deleted words shown as striked out.

Smart Contract Analytics powered with AI and ML has built a specific solution for this use case which expects to automate policy document comparisons, gather competitive intelligence in terms of rates and terms, generate automated reports for DOI submission and a lot more

Talk to us to see how this can help improve the productivity of your organization. For more information go to https://www.docskiff.ai

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