Why people use Paperbox
Insurance companies and intermediaries are using Paperbox in both the Personal (or Individual) and Commercial (or Group) insurance lines.
And this for three different reasons:
To handle claims better
Paperbox makes issuing a potential payout easier. The software analyzes relevant information by scraping the data from documents and emails, so you save time.
When you want to handle insurance claims, you’re often dependent on pages of forms and complex supporting materials to take a decision. This data is primarily unstructured, which makes it difficult to process.For example, P&C insurance decisions are contingent on unstructured data contained in police reports, collision and damage images, repair estimates, and an adjuster’s report. It’s not easy to manually process and parse through the information that arrives in disparate entry points and from multiple sources. Chances are you’ll have unnecessary clerical errors, which leads to delayed decisions and unhappy customers. Paperbox can solve that issue.
Invoice
European Accident Statement form
Hospital invoice
Doctor attest
Pharmacy bill
To improve underwriting
With Paperbox, you can automatically process enrollment forms and onboarding documents. This can include forms from doctors or other insurance companies. To handle the increase in volume during enrollment periods, firms typically hire and train seasonal or temporary workers to process open enrollment documents manually. Not only does this increase costs and lost time, but the potential for errors is high. Paperbox helps future-proof your business by digitizing this manual work.
Medical questionnaire
Notarial request
Claims history
(previous insurer)
Driving experience statement
Health enrollment form
To create the best customer experience
Be the perfect partner for your customers. Work faster and better, with the help of Paperbox. Being the best insurer or broker all starts with having accurate data. Paperbox enables you to automatically process account maintenance requests, beneficiary updates, or address changes. Thanks to Paperbox, you can focus on what you’re good at and help or onboard customers better.
Medical questionnaire
Notarial request
Claims history
(previous insurer)
Driving experience statement
Enrollment form