How OCR Digitizes the Insurance Industry?

How OCR Digitizes the Insurance Industry? www.nuvento.com

Optical character recognition (OCR) Mechanical or electronic conversion of scanned or photographic images of handwritten, typewritten or printed text into machine-encoded or computer readable text/images.

Why insurance policies are needed in digital format Insurance policies in digital format is a legal requirement mandated by Governments across the world.

Digitization of Insurance Policies have the following advantages Limited manual work/paperwork Transparency and Convenience Safety and Security

OCR helps in strategic customer acquisition OCR enhances Customer Service Quicker Resolutions and Reduced Process Lags OCR improves margins and profitability OCR provides High precision predictions Greater Accuracy with Automation

benefits of OCR in Insurance Industry

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