Transforming Insurance Application Processing with Peslac

Insurance applications are the cornerstone of risk assessment and policy underwriting. Peslac's AI-powered document intelligence system brings unparalleled accuracy to processing these complex submissions.

Advanced Document Analysis

Our DocAI technology meticulously examines insurance applications:

• Personal information
• Coverage requests
• Medical history
• Risk factors

The system develops a nuanced understanding of application requirements, adapting to both standard forms and carrier-specific variations.

Customizable Underwriting Tools

Peslac's specialized tool builder empowers underwriting teams:

• Define specific data capture needs
• Create risk assessment rules
• Set up notifications for applications requiring additional review

Precise Extraction Capabilities

Our system excels at processing insurance information:

• Captures relationships between health conditions, lifestyle factors, and coverage requests
• Maintains accuracy with complex scenarios:
  • Multiple beneficiaries
  • Pre-existing conditions
  • Detailed medical histories

Versatile Processing Engine

Peslac handles applications from various insurance products reliably:

• Works with different application formats
• Processes supporting documentation
• Adapts to specific underwriting guidelines
• Automatically cross-references against risk factors
• Flags items needing further investigation

Measurable Impact

• 85% faster application processing compared to manual review
• Smooth handling of high-volume submission periods
• Significant improvements in risk assessment accuracy
• Faster policy issuance times

Compliance and Auditing

• Detailed processing records
• Extraction result review capabilities
• Adjustable underwriting parameters
• System feedback for improved risk pattern understanding

Seamless Integration

• Direct integration with existing underwriting systems
• Secure data transmission
• Automated information flow into:
  • Policy management systems
  • Risk assessment tools
  • Reporting platforms

Scalable Solution

• Adapts to different insurance products and volumes
• Maintains performance for individual and group applications
• Processes supporting documents (medical records, financial statements)

Analytical Insights

• Reveals patterns in application processing
• Allows teams to study:
  • Approval rates
  • Risk factors
  • Processing exceptions across products and customer segments

Robust Data Protection

• Stringent access controls
• Comprehensive audit trails
• Compliance with privacy regulations and industry standards
• Secure data transmission and storage
• Granular permissions and active monitoring

Peslac's document intelligence significantly enhances insurance underwriting and risk assessment. Our system's ability to rapidly analyze large volumes of applications during peak periods makes it indispensable for modern insurance operations focused on accuracy and efficiency.