Elevate Property & Casualty Insurance with LLM-Powered Document AI

Streamline document processing, enhance pricing decisions, and deliver timely, accurate quotes with the power of Generative AI & LLM.

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The Property & Casualty Challenge

Complex Documentation: Insurance carriers grapple with a diverse range of documents, from loss runs to underwriting questions, each demanding meticulous attention for precise risk assessment.
Operational Efficiency: The goal is to reduce operational costs, enhance pricing decisions, and provide timely, accurate quotes, all while ensuring a seamless experience for brokers and customers.

Ready for All Your Property & Casualty Documents

Vaultedge is adept at processing and analyzing a wide array of documents pivotal to property and casualty insurance. With meticulous data extraction and interpretation, Vaultedge promises accuracy and reliability, ensuring that every document, whether it's a loss run data table or a submission form, is processed with precision.

Loss Run Data in PDFs)

Submission Forms (including questions)

Licenses

Certificates

LLM-Driven Transformation in Policy Management

Vaultedge brings a transformative approach to property and casualty insurance, blending AI and human expertise for intelligent document processing and insightful automation. Experience the fusion of Generative AI & LLM, delivering unparalleled understanding and interpretation of diverse documents.

How it Works

With Vaultedge, redefine property and casualty insurance processing for enhanced efficiency and precision, leveraging AI & Human in the loop for optimal results.

AI that understands complex documents - like a human.

Vaultedge uses machine learning, generative AI & LLM models to understand non-standard documents, extract data and generate decisioning insights - like a human expert at work.

Private LLM for your documents - minus the data risks.

With Vaultedge Generative AI solution - ask questions off your documents, get instant human like answers with detailed explanations.It’s like GPT for your documents - minus hallucination or data risks of Public ChatGPT.

Single solution for end-to-end Document Processing Automation.

With Vaultedge ingest documents from multiple sources, classify them accurately, spot errors, extract & validate data using LLM models - all at one place.

Arrive at underwrite & claim decisioning without back & forth hassle.

Customizable. Scalable. Zero hassle integration.

Vaultedge is a workflow based solution that integrates with your record management systems to automatically key in data - once flagged exceptions are resolved.

Vaultedge can be deployed quickly and scaled easily to handle millions of documents per day - as it learns progressively with usage.

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Frequently Asked Questions

How does Vaultedge's AI-driven approach differentiate from traditional document processing methods in property and casualty insurance?

Vaultedge employs advanced LLM models and generative AI to process and interpret a wide range of documents. Unlike traditional methods that rely heavily on manual reviews, Vaultedge automates the extraction and validation of data, ensuring consistent accuracy. This not only reduces operational costs but also accelerates the decision-making process, allowing for more informed and timely underwriting decisions.

How does Vaultedge handle the inherent variability and complexity of documents such as loss runs and underwriting questions?

Vaultedge's AI algorithms are trained on diverse datasets, enabling them to recognize and process varied document formats and structures. Our platform can interpret loss run data tables, submission forms, and other complex documents with high precision, reducing the risk of manual errors and ensuring consistent data extraction.

What measures does Vaultedge take to ensure data security and compliance, especially given the sensitive nature of insurance documents?

Data security is paramount at Vaultedge. Our platform employs end-to-end encryption, ensuring that all processed data remains confidential. Additionally, Vaultedge adheres to global data protection regulations and standards, ensuring that all data processing is compliant with industry norms.

How customizable is Vaultedge's solution, especially when integrating with existing underwriting and record management systems?

Vaultedge is designed with flexibility in mind. Our platform can seamlessly integrate with existing underwriting systems, automating data entry and streamlining workflows. Moreover, Vaultedge's extensive library of pre-built applications allows insurers to tailor the platform to their specific needs, ensuring a customized solution that aligns with their operational requirements.

How does Vaultedge's solution impact the overall customer and broker experience in property and casualty insurance?

By automating document processing and data extraction, Vaultedge significantly reduces turnaround times, ensuring timely and accurate quotes. This enhances the overall experience for both customers and brokers, reducing wait times and ensuring that they receive precise information promptly.

Can Vaultedge scale to handle large volumes of documents, especially during peak insurance claim periods?

Absolutely. Vaultedge is built to scale and can handle millions of documents daily. Our platform learns and improves progressively with every interaction, ensuring that even during peak periods, document processing remains swift and accurate.

How does Vaultedge support the goal of reducing operational costs while improving pricing decisions in property and casualty insurance?

Vaultedge's AI-driven approach automates manual tasks, leading to significant operational cost savings. By ensuring accurate data extraction and interpretation, Vaultedge also aids underwriters in making informed pricing decisions. The combination of reduced operational costs and improved pricing accuracy positions insurers for increased profitability and competitiveness.

What kind of support and training does Vaultedge provide during the implementation phase?

Vaultedge offers comprehensive support during the implementation phase. Our team works closely with insurers to ensure smooth integration with existing systems. Additionally, we provide training sessions to familiarize users with the platform's functionalities, ensuring that they can leverage Vaultedge's capabilities to the fullest.

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

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