How is Osidoc transforming life insurance document automation?
Operating Osidoc in interactive mode
Subscription files for life insurance and capitalization contracts
Management acts relating to these products
Customer context
Within a large banking group, an entity is dedicated to life insurance and capitalization. Its products were distributed through the group's entities as well as partners.
The contracting required the drafting of pre-printed paper documents which involved:
- A risk of error in understanding the filling rules
- A risk of error in choosing the pre-printed model adapted to the product
- Regular solicitation from the insurance entity to explain the rules for filling products
- A longer writing time due to manual filling
- Additional time for re-entering data entered manually on pre-printed forms.
The Osidoc intervention
- Facilitating the drafting of subscription files and its main management actions
- Grouping together on a single model all subscription files for life insurance and capitalization contracts, taken out in France or Luxembourg, by individuals or legal entities
- Extension of the initial documentary scope to automate the drafting of multiple recurring acts within the framework of the management of life insurance & capitalization products
The results
- Acceleration of the contractualization processes for life insurance and capitalization contracts distributed by the insurer
- Reduction of writing errors thanks to Osidoc's dynamic and commented entry path and the specific validation controls implemented on the Osidoc form
- Harmonization and facilitation of the updating of acts thanks to the merging of the different models and the use of Osidoc clauses, allowing the referencing of parts of documents used by several models
- Continuous expansion of the use of digitalized models with new contributing partners with integration of documents specific to their FIC, FID and FAS funds
- Lower costs associated with printing and storing pre-printed materials
In conclusion, Osidoc has streamlined the drafting of complex documents by improving the distribution of the insurer's life insurance and capitalization products.
Demo / Contact