Blog
Pibit.ai is committed to streamlining and enhancing manual underwriting processes for property & casualty (P&C) insurance. We believe in continuous improvement and state-of-the-art innovation to provide better services to insurers. In this regard, we've made significant enhancements to our platform, ensuring that it adds even more value to our customers without causing any disruption.
Improved Optical Character Recognition (OCR):
One of our recent upgrades involves a remarkable enhancement to our Optical Character Recognition (OCR) technology. This technology is crucial for converting various document types, including scanned papers, PDFs, and images, into consumable data for data-driven underwriting. With our upgraded OCR engine, we can now recognize and extract text from lower-quality scans with less than 80 dpi, facilitating electronic processing, indexing, and searching. This expansion of our document library allows for high-confidence processing.
Addressing Insurer's Needs:
Our commitment to continuous improvement is a direct response to our insurers' feedback. Many of them expressed the need for an AI automation solution that could handle submission documents as effectively as structured ones, reducing the need for manual intervention. In response, we've developed an improved solution that empowers commercial underwriting teams to minimize manual data entry and minimize the verification times significantly with the help of consistent and accurate data quality. This demonstrates our dedication to meeting customer demands.
A Focus on Innovation:
At Pibit.ai, innovation and platform improvement are at the forefront of our mission. We understand that technology evolves rapidly, and we're dedicated to keeping commercial insurance carriers ahead of the curve. Our team consistently works behind the scenes to identify opportunities for enhancing our platform and further digitizing user experiences.
Ready to Explore Our Capabilities?
If you're interested in exploring Pibit.ai's capabilities and how we can revolutionize your commercial insurance underwriting processes, schedule a demo with our team today. Click the button below to set up a meeting and experience the future of commercial underwriting.
See it Live!