# 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.