We help insurers exceed stakeholder expectations by solving the complex issues of processing forms needed to fulfill claims faster and more accurately.
A series of use cases has been developed to automate the processes of scanning, rendering, extraction and distribution of all documents required by insurance contracts, allowing us to offer a significant reduction in operating costs for our customers.
Circular streamlines the process of compiling master data by automatically reconciling and classifying documents and then quickly extracting the data necessary for the policy management process with fast and secure transactions. In particular, Circular is able to automatically recognize and index the following identity documents:
- Electronic Driving Licenses
- Health Insurance Cards
- Electronic Identity Cards
- Paper-format Identity Cards
Certified E-mail and E-Mail Claims Management Processing
Insurance companies routinely use certified and regular e-mail channels to receive documents from their customers. The management of documents received through these channels entails a series of important complex issues that are almost always handled by operators.
Using sophisticated semantic recognition technologies, Circular makes it possible to efficiently manage certified and regular e-mail channels, by automating the 5 phases of the process:
- Data ingestion of certified and regular e-mail content and attachments
- Normalization of content in PDF format
- Automatic classification
- Automatic indexing
Individual Vehicle Registration Certificate
The Individual Vehicle Registration Certificate is the base document for numerous car insurance processes and the granting of loans for car purchases. Circular allows a significant reduction in time and costs by automatically classifying the incoming document and extracting all the necessary data with fast and secure transactions
Accident Reporting Form
Although the Accident Reporting Form is a basic document type utilized in numerous car insurance processes to manage claims, it is frequently extremely difficult and complex to process its contents given the fact that it is filled out by hand.
Circular is able to speed up document processing times by automating its incoming classification and extracting some of the data required for the claims management process with fast and secure transactions.
Civil Status Certificate
The Civil Status Certificate is used to determine the premium amount in the event of a risk category shared at the family level in numerous insurance processes. Circular completely automates classification of the document and extracts part of the data required to process the auto policy premium with fast and secure transactions with extremely accurate results.
Life Insurance Policy Settlement Claims
The processing of life insurance policy settlement claims usually entails a series of troublesome checks for the presence of signatures as well as for the correspondence of the documents. Circular automates the entire process of processing, extracting and distributing the required data, thereby reducing management costs and increasing the accuracy of the data extracted and sent automatically and securely to the insurance company’s management systems.
Policy Cancellations using Certified or Regular E-mail or in Paper format
The cancellation of a policy sent by certified or regular e-mail makes it necessary to manually check the documents received for accuracy. Furthermore, receipt of the forms generates a series of downstream business processes which are often managed by operators. Circular increases the efficiency of the entire cancellation process by reducing costs thanks to its ability to almost completely automate the necessary activities from receiving the certified or regular e-mails to forwarding data to third party systems.
Writs, Judgments and Injunctions received by Certified or Regular E-mail
Writs, judgments and injunctions are normally sent by certified or regular e-mail and the processes of checking for signatures and extracting and sending data for downstream business activities is frequently done by hand. Circular greatly reduces the bottlenecks in the entire process thanks to its ability to automate data extraction and processing, even directly from certified or regular e-mail and then forward them to downstream business processes.
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Find out how Circular can help your company be more efficient in the processes of finalizing insurance claims.