Success story
Seamless credit insurance policy migration powered by generative AI
How did a global credit insurer migrate thousands of policies and documents while ensuring accuracy, compliance, and operational efficiency? By leveraging cutting-edge GenAI and automation, we delivered a seamless, error-free migration that optimized processes and mitigated risks.
4,000
policies
+15k
documents
650k
clauses scored
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What we did
01
Challenge
- Process complex documents: Seamlessly ingest diverse document types, including scanned files, with various hand written notes
- Assess policy variations: Identify and qualify editorial and parameter deviations of the policies from the standard reference clause book
- Optimize migration strategy: Develop a data-driven migration plan based on customized migratability scores
02
Our approach
- Automated document ingestion: Leverage advanced ingestion modules to convert diverse document types into a clean, reliable, and fully usable database
- AI-powered analysis: Use generative AI models for similarity assessments, wording and parameter audits, and precise migratability scoring
- Comprehensive reporting: Deliver a final report consolidating results, including a list of transferable contracts containing thenature of renegotiations
03
Outcome
A tailor-made solution ensuring smoothand reliable analysis of insurance policies with robust comparison to reference documents, delivering in just 3 months:
- Error-free transfers: Delivers highly reliable eligibility scores and deviation analyses, achieving 0 errors in the migration process
- Enhanced policy uniformity: Standard contracts for improved compatibility with the reference clause book, ensuring seamless integration into the new platform
- Optimized costs and risks: Reduces migration costs while mitigating legal risks
Challenge
Our approach
Outcome
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