Proposal Form OCR

Proposal forms are usually handwritten or filled digitally before scanning, and their layout differs by insurer and product. Proposal Form OCR applies PolicyIQ | Extract's document reading capability specifically to this stage of the sales process, ahead of policy issuance.

A proposal form is where a policy's details first get written down, and any error introduced here tends to carry through to the issued policy. Reading the form automatically, rather than re-keying it, removes that repeated opportunity for mistakes between sales and underwriting.

What challenges does Proposal Form OCR address?

• Proposal forms are often handwritten or filled inconsistently
• Re-typing proposal details delays policy issuance
• Errors in proposal data carry through to the issued policy
• No structured handover from sales to underwriting

How does it fit into PolicyIQ | Extract?

Extracted proposal data passes through Data Validation before use, and can connect into a Sales CRM like the one inside PolicyIQ | One through the OCR API.

What does Proposal Form OCR include?

• Reading of handwritten and digitally completed proposal forms
• Field-level extraction of applicant and product details
• Validation before the data is used
• Connection into a Sales CRM like PolicyIQ | One's

What outcomes does Proposal Form OCR support?

• Faster movement from proposal to issued policy
• Fewer errors carried from a proposal into the policy
• Less manual work for sales and underwriting teams

Related PolicyIQ | Extract capabilities

• Insurance Document OCR — the general reading capability behind this feature
• Policy Data Extraction — the next step once a policy is issued
• Back to the PolicyIQ | Extract overview