Build faster, more accurate policies and drive underwriting efficiency with automated Loss Run Reporting.
Loss runs are a critical evaluative tool for insurers. Data inside loss run reports help insurers provide optimal policy and pricing for new customers.
Inbound forms vary and can contain complex claims data, causing employees to reenter important data points from the documentation into other underwriting and risk-management systems. These manual loss runs are labor-intensive, often requiring underwriters to sift through loads of paperwork to find the information they need. This presents a number of problems that can lead to poor underwriting decisions.
Our Robotic Workforce provides a more efficient process for Loss Run Reporting. Our solution:
Updates data into the respective systems.
Generates PDF-based loss run reports and shares with related parties.
Uploads finalized datasheets into the Profit & Loss systems.
Enhances the security lending process with faster calculations.
Automated loss run reporting combines the benefits of pulling claims information from a robust database with the agility, speed, and accuracy of automated processes—increasing efficiency, reducing costs, and ensuring necessary insights to make the proper underwriting decisions.
Speed up applicants' identity verification through submitted documentation and data. Streamline Customer Identification Program (CIP) requirements for faster customer on-boarding.
Mortgage Income Verification:
Manage spikes in mortgage activities by automating the tedious income verification process and improve your customer satisfaction and retention.
Mortgage Insurance Updates:
Streamline changes in insurance policies, policy updates, and policy cancellations by automating documentation that must be accepted, routed, interpreted, and associated with the right.
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