Overview

The New Business Submission Intake process for insurance involves handling complex
documents, making manual data validation inefficient and causing delays. This AI solution
automates account setup, rating, and loss run entry by capturing and classifying data from
various broker submissions. It extracts key fields with high accuracy, streamlines triaging,
and provides real-time insights for Policy Service Representatives (PSRs) and underwriters,
leading to faster, more informed decision-making and quicker policy issuance

Key Features

Automated document classification & capture

AI-enabled straight-through processing automation

Intelligent data extraction using DExTr platform

High accuracy with ‘ zero-shot’ training

Minimal human oversight with exception handling

Seamless integration to policy admin & rating systems

Optimize your policy issuance process with AI.
Achieve faster, accurate quotes and improve
overall operational efficiency.

The SLK Advantage

Reduce wait time for customers by streamlining, standardizing, and automating document classification process using AI/Gen AI

Increase business efficiency, improve conversion ratio and Net Promoter Score through AI/Gen AI-enabled end-to-end automation

Key Benefits

5X

Reduction in average handling time and turnaround time

70%

Accuracy in digitally extracted fields

98%

Reduction in manual efforts

50%

Reduction in FTEs for straight-through/ non–straight-through requests

4X

Increase in volume handled

AI-Driven Policy Issuance for Faster Results

Core AI

Automated intake intelligent analysis
• Requests categorization
• Document classification, segmentation & contextualization
• Cross referencing
• Intelligent data extraction

UI

• Dashboard for review
• Analytics

Core Automation

• Data entry automation
• Cognitive underwriting

Ready to redefine possibilities with intelligent infra?