Smart Clearance

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Automating submissions and clearance for mid and large-size commercial and specialty insurers, boost

Combines the power of AI, machine learning, and RPA/API to automate submission ingestion, sanctions checking, and submission clearance, reducing handling time by close to 60%.

By implementing Xceedance Smart Clearance, insurance carriers can experience:

  • Productivity gains of up to 50%
  • Cost reduction of close to 40%
  • Improvement in submission to quote ratio by at least 10%
  • Accurate, seamless automation of more than 75% of the human effort
  • More than 50% faster delivery

Key Features

› Facilitate new business opportunities and renewals.

› Accurately allocate submissions for automated and manual processing queues, depending on the data

extraction accuracy.

› Automate clearance and sanction checks through the rule engine to dramatically reduce manual intervention.

› Allow for automated data extraction and ingestion from a variety of structured and unstructured data sources

to boost productivity and accuracy.

› Seamlessly integrate with PAS and sanction check providers, enabling you to transact data across the entire

underwriting team for further processing.

Key Benefits

› Automation of submission clearance based on multiple rules, such as sanctions check, inter-regional blocking,

restricted countries, blocking rules, and more. The platform has cleared more than 39,000 submissions

correctly till date.

› In the first phase of the project, a reduction of close to 70% was observed in the handling time for local casualty

submissions, with brokers sending emails directly to the centralized submissions mailbox.

› Creation of submissions in the policy administration system using robotic process automation (RPA) and

APIs. Since its rollout, the platform has created 9,000+ submissions in the policy administration system (PAS).


Case Studies