Insurance companies face challenges cutting operational spending and improving efficiency in underwriting and claims processes. The difficulty of processing complex documents results in expensive manual labor, high cost per claim, and a high underwriting expense ratio. Using Insurance Claims & Underwriting Automations on AWS, subject matter experts can take advantage of AI document processing and natural language understanding capabilities without needing any coding knowledge. With these solutions, non-developers can automate complex, document-intensive business processes such as underwriting, notification of loss, investigation, documentation, assessment and fraud detection.
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