Intelligent Automation in the Insurance Sector - Hyperscience
Hyperautomation for Insurance
Transform insurance operations to drive growth, loyalty and competitive edge
Boost operational efficiency, enhance compliance, and deliver faster, more accurate outcomes for your customers with Hyperscience.
The Hyperscience advantage
Pioneer the future of insurance with smarter, customer-centric automated processes
Accelerate claims processing
Automate data extraction and validation to reduce turnaround times and improve accuracy.
Optimize policy administration
Simplify complex workflows to minimize errors and enhance efficiency.
Strengthen risk and fraud management
Leverage advanced automation to detect fraud and ensure compliance while building trust with your customers.
Meet the Hyperscience Hypercell
- 99.5% accuracy: Extract policyholder and claims data
- 98% automation: Accelerate underwriting and claims
- User-friendly: Simplified training and deployment
- Scalable: Integrates seamlessly with insurance industry systems
- Secure: Ensures compliance and data privacy
Creating harmony across your insurance ecosystem
Hypercell is modular, scalable, and integrates effortlessly with your insurance systems like Guidewire, Duck Creek, and Vertafore AMS360.
Supported segments
Faster insurance claims, smarter underwriting, and seamless policy management
Hyperscience automates document-intensive processes across life, health, property, casualty, and reinsurance, ensuring policies are issued faster, claims are processed with greater accuracy, and risk assessments are more reliable.
- Life Insurance
- Policy Issuance: Automating the creation, distribution, and storage of policy documents
- Claims Processing: Streamlining the collection, validation, and approval of claims
- Underwriting: Automating data collection and risk assessment to expedite the underwriting process
- Health Insurance
- Claims Adjudication: Automating the assessment and processing of healthcare claims
- Enrollment and Onboarding: Streamlining the enrollment process and management of member information
- Compliance Reporting: Automating the generation of required regulatory reports
- Property and Casualty Insurance
- Claims Management: Automating the intake, documentation, and settlement of claims
- Policy Administration: Streamlining policy creation, updates, and renewals
- Fraud Detection: Automating the identification of potentially fraudulent claims
- Reinsurance
- Contract Management: Automating the creation and management of reinsurance contracts and agreements
- Risk Assessment: Streamlining the analysis and documentation of risk evaluations
- Reporting and Analytics: Automating the generation of performance and compliance reports
- Commercial Insurance
- Policy Issuance and Renewal: Automating the issuance and renewal of complex commercial policies
- Claims Processing: Streamlining the documentation and settlement of commercial claims
- Risk Management: Automating data collection and analysis for risk assessment and mitigation
- Insurance Brokers and Agents
- Client Onboarding: Automating the documentation and processes for new client acquisition
- Quote Generation: Streamlining the generation of insurance quotes based on client needs
- Customer Relationship Management: Automating communication and follow-ups with clients
Supported document & process types
- Beneficiary Designations
- Certificate of Insurance
- Claims Documentation
- Claims Forms
- Coverage Summaries
- Damage Assessment Reports
- Endorsements
- Enrollment Forms
- Financial Statements
- Fraud Detection Alerts
- Inspection Reports
- Insurance Quotes
- Medical Necessity Letters
- Medical Records and Reports
- Policy Applications
- Renewal Notices
- Risk Assessment Reports
- Underwriting Reports
Platform benefits
- Enhanced compliance: Automate regulatory checks, ensuring insurance documents meet compliance standards with minimal manual oversight.
- Improved accuracy: Reduce manual data entry errors, leading to more precise risk assessments, policy details, and claims evaluations.
- Increased efficiency: Speed up processing times for routine insurance tasks such as underwriting, claims management, and policy renewals.
- Cost savings: Lower operational costs by reducing manual labor and minimizing delays caused by human error across insurance processes.
- Faster decision-making: Automate data extraction and analysis, enabling quicker decisions for underwriting, claims approvals, and fraud detection.
- Better document security: Provide secure, centralized storage and handling of sensitive insurance documents, reducing the risk of data breaches.
- Scalability: Allow for the seamless handling of larger volumes of claims, policies, and customer data as your business grows.
- Customer satisfaction: Enhance the customer experience by speeding up service delivery, such as quicker policy issuance and faster claims resolutions.
- Streamlined workflows: Integrate with common insurance systems and provide a business user-friendly interface for orchestrating processes.
Customer Success
It’s allowed us to start processing documents like claim forms and invoices in 20% of the time that it took to do manually.
You have questions? We have answers.
Does the platform include pre-built models for standard industry forms like ACORD or EOBs? Yes, Hyperscience accelerates time-to-value by providing pre-built layouts and pre-trained specialized models for standard insurance and healthcare documents.
How does the system handle standardized insurance forms that vary slightly between different vendors or years? Hyperscience handles layout differences seamlessly by using layout variations within Structured layouts.
Can the platform accurately read messy handwriting on medical and claims forms? Yes, Hyperscience delivers up to 99.5% accuracy and 98% automation on both printed and handwritten text.
Does the platform capture a mix of checkboxes, signatures, and freeform text on policy applications? Yes, the platform natively supports a wide variety of field types within a single document page.
Can the platform help detect and prevent fraudulent claims? Yes, machine learning models analyze data patterns, anomalies, and claims histories to identify potentially fraudulent claims.
How quickly can an insurance organization achieve ROI? A typical implementation takes about 90 days, enabling rapid time-to-value.