The system, known as Document Intelligence, combines state-of-the-art capabilities in intelligent text extraction and document AI vision.

Through the use of cutting-edge machine learning, it converts unstructured texts with an astounding 99% accuracy into structured data, which is then easily integrated into Insurity's current product offerings.

Because of the high level of precision in data extraction, insurers may reduce operating expenses by as much as 60% and expedite submission processing times by as much as 50%, resulting in greater productivity and efficiency all around.

By working together with OIP Robotics, Insurity enables MGAs and carriers to streamline their underwriting processes and cut down on submission response times from hours to minutes. This change results in stronger risk profiles and better market response by allowing underwriters to concentrate on intricate risk evaluations while automating repetitive submissions.

Furthermore, Insurity Document Intelligence streamlines the process of gathering data by quickly extracting extensive and intricate information using AI models that are customized for the insurance sector. Integrated regulations furthermore guarantee that potential problems are examined and resolved effectively, enabling groups to do assignments quickly and precisely.

Through regular audits and checks, the system greatly lowers the likelihood of mistakes by limiting human participation, particularly in the extraction of handwritten data.

"We are at a transformative point in the insurance sector, where AI-driven data comprehension is more than just a tool—it's the key to revolutionizing workflow automation," said Mladen Subasic, Chief Product Officer of OIP Robotics. By combining the cutting-edge AI of OIP Robotics with the potent SaaS platform of Insurity, we enable our clients to see quicker outcomes, more insightful analysis, and faster development. We are establishing new benchmarks for the business insurance industry together.

"Insurity Document Intelligence, backed by OIP Robotics, offers substantial benefits for carriers and MGAs by enhancing both data accuracy and operational performance," stated Chris Lafond, CEO of Insurity. Our pre-integration with Insurity's products highlights our continued focus on innovation and industry leadership while demonstrating our dedication to giving clients the resources they need to remain competitive.