Insurance provider was facing heavy penalties & regulatory scrutiny due to delays in claim amount settlement caused by the overwhelming volume of unstructured data in order and judgement given by MACT. They were lacking in proper structured data and insights for efficient decision-making in the settlement of claim amounts ordered by courts.
DOCBrains - an automated solution capable of liberating data trapped within PDF-format in bank statements and physical images.
When it comes to catering large geographical areas this problem multiplies drastically and impacts competitive position in the market and maintaining reputation as a trusted insurance provider ultimately affecting overall growth statistics of insurance companies.
To resolve the above bottleneck AGIBrains powered DOCBrains has implemented a holistic system to structure and standardise the MACT order and judgement data processing. This encompasses automated data extraction and meticulous data categorization of various attributes from order and judgement documents. DOCBrains cutting-edge analytics tools and techniques has enabled the extraction of valuable insights from unstructured data, facilitating well-informed decisions throughout the data processing.
By integrating DOCBrains with existing systems can optimise workflows, minimise manual intervention and can usher efficiency and accuracy at highest. Also DOCBrains make sure it establishes strict compliance measures ensuring accelerated order and judgement settlement times, enhance transparency and deliver a superior customer experience.