Loss run reporting for consulting firm
reduction in processing times
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Extract key data from over 15 variations of loss run reports
Loss run reports are generated by insurance companies to show claims activity (business name, reason for the claim, type of claim, etc.) Insurers evaluate loss run reports to identify the level of risk associated with the client. It is a critical and data intensive element of the underwriting process.
Singularity was approached last-minute by a major consulting firm who had an urgent need for a loss run solution. The solution they had purchased and implemented was not capable of processing the over 15 different variations of the documents with consistency.