Empowering the future of insurance with innovative document process automation. Streamline claims, enhance policy management, and deliver unparalleled customer experiences.
Enhance efficiency, compliance, and customer engagement through document process automation.
Revolutionize your insurance operations with digital transformation. Enhance efficiency, compliance, and customer engagement through streamlined processes and advanced analytics.
Transform application and policy management processes for faster, more accurate service delivery. Elevate the policyholder journey with seamless interactions and personalized services.
Automate and standardize policy maintenance workflows to improve operational efficiency and ensure consistent policy management.
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Boost customer satisfaction and operational excellence by transforming your claims handling with rapid, efficient processes.
Give your customers a better experience and boost your operational speed by integrating your insurance application and issuance process and our innovative solutions.
Ensure flawless policy maintenance with our efficient solutions that provide unparalleled service and accessibility.
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The insurance provider faced issues with slow manual workflows and unsearchable documents, causing inefficiencies and delays in processing incoming policies. These challenges led to significant manual intervention, frequent delays and stoppages, and error-prone processes, resulting in a loss of approximately $100 million in revenue annually.
Adopting Adlib's document transformation platform, the company achieved a 95% reduction in claims processing time and improved customer response times to mere hours. The solution eliminated manual data entry, boosted revenue, and allowed the organization to automate document capture, optimize workforce allocation, manage data effectively, and ensure compliance. The success of the platform has led to its expansion across other business lines and divisions, enhancing overall efficiency and workflow automation.
The insurance company struggled with slow manual workflows, lack of document searchability, and inefficiencies in handling various data formats. These issues led to significant delays and errors in processing policies, particularly in quality control, inspection data indexing, and managing rollovers, resulting in increased operational costs and time-consuming tasks.
Implementing Adlib's Document Transformation platform enabled the company to automate the quality control process, making documents searchable and data easily extractable, thus reducing errors and processing times. The automation of document workflows, including the rapid conversion of declaration pages, improved efficiency, created new revenue streams, and allowed the company to focus on strategic tasks, enhancing overall operational performance.
Insurance giant automates heavy admin work in claims, saving millions
As full-time employees (FTEs) struggled to manually process 90k claim-related documents each day to meet the company SLAs, the claims department overhead was getting out of hand. In addition, customer frustration and increased churn was a direct result of response times being many days from the customer’s claim submission.
Adlib optimized the claims-processing workflow by automating the ingestion, digitization, intelligent assembly, and publishing of compliant claims in PDF format. This transformation significantly minimized the manual effort required from FTEs, allowing them to concentrate on claim approvals and improving customer relationships. As a direct outcome, the company saw a remarkable 90% reduction in administrative work tied to pre-processing claim documentation. This in turn slashed their operational budget by $6 million. What’s more, overall customer service satisfaction improved as the efficiency boost dramatically accelerated customer response times from days to hours.
“We very quickly realized that Adlib was the right tool for us — it was the only PDF rendition product out of the seven or eight we looked at that met our requirements for 100% fidelity and integration.” — Director of Architecture & IS Risk
The insurance company needed to incorporate an automated PDF rendering capability with high-fidelity output into its workflow that would integrate with its Guidewire ClaimCenter® claims processing system and IBM® FileNet® repository.
To modernize the application systems supporting its P&C operations, the insurance company embarked on a major, multi-year initiative—its Enterprise Systems Renewal Strategy—that has already seen the introduction of a new Broker Transaction Portal and a new Claims Processing system. Ultimately, the program will also see the company completely revamp its existing Policy Administration system and the ERP system used for managing financial processes.
Adlib works across your entire organization’s disparate data sources to read and distill all your critical documentation, from any source. It then automatically converts it all into machine-readable and compliant documents of record, and finally, deposits those standardized documents into a central database in submission- and archive-ready formats.
Use these expert insights in your evaluation of document rendering platforms to uncover the complexities of document conversion and determine the key capabilities your ultimate choice must have.
Best Practices For An Effective Document Archival
3 Ways You Can Standardize Corporate Compliance
7 Ways Documents Of Record Ensure Compliant & Audit-Ready Enterprise Repositories
Adlib Software helps organizations meet compliance and governance requirements by implementing a set of business rules upon ingesting documents across several formats to deliver a “document of record”. These business rules define the creation of a custom header-footer, watermarks and the auto-generation of a table of contents, besides combining multiple formats into a single readable-searchable PDF. The result is an audit ready document that meets compliance and governance requirements. In addition, Adlib Software’s Transform Platform also implements document security and archival features when rendering documents of record to be in compliance with such policies resident within an organization. Finally, it also provides audit trails and reporting capabilities to help organizations track and monitor document activity.
Adlib Software is ideal for industries that generate large volumes of unstructured data that has to be managed to mitigate compliance, operational, audit and regulatory risks. Major industries use that to leverage our capabilities are as follows:
In addition, Adlib Software is also useful for any organization that needs to manage and analyze large amounts of data in various formats.