Prudenzia
Insurtech
Extracting key data from insurance policies
In today’s dynamic financial landscape, the insurtech and digital brokerage sector is experiencing a marked increase in demand for digitization. This trend is driven by consumers’ search for greater convenience and efficiency, as well as the need for companies to adapt to a constantly evolving technological environment. Insurtech and digital brokerages are redefining the way insurance services are accessed by offering intuitive online platforms that allow users to compare, purchase and manage policies in an agile and personalized way. This convergence between technology and insurance is transforming the industry, fostering innovation and raising customer expectations in terms of speed, transparency and overall experience.
Challenge
Establishing itself as one of the first brokerages nationwide by implementing a hybrid risk and customer growth and management system is the central challenge in the development of this technological tool.
Solution
Foqum has developed an Intelligent Document Processing (IDP) tool to automatically extract key fields from insurance policies of different branches targeted by Prudenzia. It has also implemented a system for ingesting information extracted from the company’s database. It also has an alarm system in case of incomplete or difficult to read information. The tool’s main data sources are PDF documents or images of insurance policies.
