Intelligent Policy Document Processing with Peslac

Insurance policy documents contain critical terms and conditions that define coverage and obligations. Peslac's AI-powered document intelligence system brings unparalleled accuracy to processing these complex insurance documents.

Advanced Document Analysis

Our DocAI technology meticulously examines policy documents, including:

• Coverage limits
• Exclusions
• Premium calculations
• Endorsements

The system develops a sophisticated understanding of insurance terminology, adapting to both standard forms and carrier-specific variations.

Customizable Tool Builder

Underwriting teams benefit from Peslac's purpose-built interface, allowing them to:

• Define precise data capture requirements
• Create custom validation rules
• Set up alerts for policies needing special handling

Field-Level Extraction Capabilities

Peslac excels at processing complex policy information:

• Captures relationships between coverages, conditions, and pricing
• Maintains calculation accuracy
• Delivers consistent results for complex scenarios:
  • Multi-line policies
  • Specialized endorsements
  • Detailed exclusion clauses

Versatile Processing Engine

Our system reliably handles policies from various insurers:

• Works with different document formats
• Processes supporting documentation
• Adapts to specific underwriting requirements
• Automatically cross-references against rating guides
• Flags discrepancies for review

Measurable Efficiency Gains

• 89% faster policy processing compared to manual review
• Smooth management of high-volume renewal periods without additional staffing
• Significant improvements in accuracy and faster policy issuance times

Comprehensive Audit Trails

The platform maintains detailed processing records for:

• Compliance checks
• Internal audits
• Extraction result examination
• System refinement and feedback

Integration Capabilities

• Direct integration with existing policy management systems
• Secure data transmission
• Automated information flow into:
  • Rating systems
  • Claims platforms
  • Reporting tools

Scalable Solution

• Adapts to different insurance lines and types
• Maintains performance for personal and commercial policies
• Processes related documentation (applications, loss runs)

Analytical Insights

The platform's tools uncover meaningful patterns in policy processing:

• Coverage trends
• Pricing patterns
• Processing exceptions across different lines and time periods

These insights guide improvements in underwriting procedures and help optimize policy management.

Robust Data Protection

• Strict access controls
• Detailed activity logging
• Compliance with insurance regulations and privacy standards
• Secure data transmission and storage
• Precise permissions and continuous monitoring

Peslac's document intelligence significantly enhances insurance operations. Carriers report reduced processing costs, improved compliance, and better risk assessment through thorough and efficient policy processing. The system's ability to quickly analyze large volumes of policies during peak periods makes it essential for modern insurance teams focused on accuracy and efficiency in policy management.

Custom AI Workflows

• Create tailored processes aligned with specific underwriting criteria
• Quickly adjust to changing regulations or policy standards
• Continuous learning and adaptation to new policy types

Comprehensive Data Processing

• Handles unstructured data from various sources
• Processes scanned documents and digital forms
• Provides a holistic view of each policy's terms and conditions

Peslac's policy document processing solution stands out in an era where speed and accuracy in insurance operations are paramount. It accelerates the underwriting process and enhances the quality of risk assessment, contributing to the long-term stability and profitability of insurance carriers.