Document Processing Automation for Commission Payouts → Unstract.com

Document Processing Automation for Insurance Commission Payouts

Use AI to eliminate manual processes involving unstructured documents. Validate and extract error-free data from policy statements, carrier terms, and approval documents to calculate commission payouts faster and with more accuracy.

BENEFITS

AI-driven Automation for Insurance Straight-through Processing

Operational efficiency

Reducing manual activities in document processing enables faster time to claims approvals and commission calculation.

Increased accuracy

Better accuracy in the data extraction helps flag potential risks, which improves claims and commission approval decisions.

Customer satisfaction

Reducing human-in-loop touchpoints helps reduce turnaround time and improve underwriting processing rates.

Automated Compliance

Unstract helps ensure that the extracted data adheres to established compliance standards and legal requirements.

Increase profitability

Shortened approval cycles, reduced manual intervention, and improved predictability in scaling help cut costs and improve profits.

Smarter Decisions

Extracting relevant data that is always trustworthy and predictable helps underwriters to make confident decisions.

Shortened approval cycles

30%
Less human touchpoints

80%
Extraction accuracy

95%

Insurance automation that actually works from day one

Seamlessly integrate your unstructured document workflows with Unstract’s ETL Pipelines and APIs. Enable claims processors to have relevant and accurate access to information at all times.

Document Ingestion

Ingest claims documents from any source or even multiple sources — Dropbox, S3 Object Storage, data lakes and more. Handle large volumes of data of any format, form, and type seamlessly. Scaling processes and flexibly handling any document use case should never be your problem any more.

Data Extraction

Claims documents can be complex: varying formats, encodings, scans of images, numbered sections, and complex tables. Unstract leverages AI to understand, process, and extract data with high accuracy levels and outputs in both human and machine-readable formats.

Data Validation

Unstract enables you to trust the data extracted from the documents by assigning confidence scores. Metrics related to correctness, relevance, and toxicity help you decide how to consume data in downstream systems.

Downstream integration

In goes underwriting documents and out comes beautifully structured JSON or a downloadable Excel file format. The extracted data can be readily consumed across custom applications, stored in data warehouses or send it to your reporting and analytics tools.

No need to rip and replace your existing systems.

Unstract is built to seamlessly integrate with your existing infrastructure, claims workflows, and team structure.

INSURANCE AUTOMATION USE CASES

Rethinking Automation in the Insurance Industry

Unstract helps improve operational efficiency by automating critical insurance workflows in claims processing and underwriting. Unstract easily integrates and scales with your present infrastructure and insurance workflows.

Insurance Claims Processing

No more time-consuming manual data retrieval. Improve insurance resolution time by automating claims document processing.

Insurance Underwriting

Unstract enables critical data retrieval at high accuracy. This enables insurers to make faster underwriting decisions at scale.

Insurance Fraud Detection

Unstract’s intelligent document processing helps insurers build models to detect anomalies and flag fraudulent claims.

Straight-through processing

Reduce turnaround times and improve document processing accuracy for faster and more efficient straight-through processing.

Insurance Triaging

Learn how Unstract’s AI-powered insurance triaging automation helps improve accuracy, reduce claims leakages, and improve profitability.

Commission payments

No more unscalable, manual and error-prone commission management that takes more resources, effort, and time.

Other use cases supported.

One versatile solution to process insurance documents of any type

Secure and Compliant, Always

Unstract adheres to the strict rules and regulations of various compliance authorities. Rest assured, we have policies, systems, and processes to ensure that your data is always safe, secure, and private.

Begin your AI driven insurance automation today.