Works with loss runs from over 100 top insurance carriers in different formats.
Advanced validation ensures high accuracy when extracting loss data.
Users can customize the output format, data fields extracted, and delivery method.
Loss Scan is a cloud-based SaaS solution accessible from any device via a web browser.
Military-grade encryption secures loss runs and extracted data throughout the process.
Users can upload multiple loss run PDFs for batch processing.
Seamlessly integrate loss data into existing insurance software and systems.
Get insights into loss ratios, reserves, claims trends and more to inform decisions.
By leveraging Loss Scan’s AI capabilities, insurance companies, brokers, and other stakeholders can eliminate the inefficiencies of manual loss run processing. The software delivers automated, accurate data extraction that scales on demand.
Manually extracting data from loss run PDFs is hugely time-consuming. Loss runs can be hundreds of pages long with valuable data buried in tables and text. Humans cannot efficiently process these large documents.
Prone to Errors
Humans are likely to make numerous mistakes when manually extracting loss run data. This leads to inaccurate and incomplete data, impacting analysis and decision making. Fatigue and repetition increase errors.
Processing loss runs requires dedicating staff to extract data, taking them away from other tasks. This labor-intensive process has high overhead costs.
Difficult to Scale
As business grows, the number of loss runs to process increases. Scaling manual processing is challenging, requiring more staff and resources.
Carriers use different formats and layouts for their loss runs. Humans struggle to adapt to these inconsistencies, further slowing down data extraction.
Get your FREE demo today and experience the power of AI-driven data extraction. Save time, increase accuracy, and reduce costs. Join the revolution in insurance data processing now!