idFusion Tools
What is idDocReader?
idDocReader is an AI/ML-powered tool that captures key information from insurance (e.g. Letter of Experience, Declaration Pages) and other types of risk-verification documents (e.g. drivers license, vehicle registration, address verification). idDocReader can be invoked automatically at POS to validate a questionable detail or document as a key risk assumption
Why do I Need This Tool?
Underwriters have a host of time-consuming exceptions to manage – with more constantly emerging. The result is that they are unable to adequately address many types of exposure – they simply don’t have the bandwidth. In combination with idRuleBuilder and idMobile, idDocReader eliminates time consuming document review tasks and drives more accurate and complete underwriting of risks.
Benefits
- Automatically validates key insurability details
- Improves underwriter productivity
- Accelerates SIU investigations
- Expands the scope of document validation that can be requested
- Discourages rate manipulation and fraud
How is idDocReader Delivered?
idDocReader is a SaaS subscription service and offered in two versions.
- Bundled with ‘the idFusion Enterprise’ suite of services. It lets users select when to request images at quote and endorsement.
- Delivered as a standalone service that can be called manually or via a web service call from a carrier core system.
