Exdion.Forms Comparison
Exdion.FormsComparison automates the side-by-side comparison of current and prior term policy forms, instantly flagging language mismatches, coverage changes, and endorsement updates. By automating this process, brokers ensure greater accuracy, faster reviews, and compliance with regulatory standards, all while reducing manual effort. This solution works seamlessly with the Exdion Policy Check to enhance overall policy review efficiency and mitigate risks.
Mitigate E&O
Exdion.FormsComparison mitigates E&O risks by automating the detection of policy variances, ensuring brokers catch critical coverage and language changes before issues arise. By flagging discrepancies in real-time, it reduces the chance of overlooked errors that could lead to costly omissions, enhancing compliance and protecting against potential claims.
Features
Side-by-Side View: Visual comparison of current and prior term policy forms for quick identification of differences.
Language Mismatch Detection: Automatically identifies wording differences, ensuring consistency in policy language.
Coverage Variance Flagging: Flags discrepancies in coverage terms, ensuring no critical updates are missed.
Seamless Integration: Works with existing AMS/DMS systems for easy data access and processing.
Prioritization of Critical Variances: Flags and prioritizes the most significant changes, allowing for focused review.
Benefits
Faster Comparisons: Automates form comparison, speeding up the review process and reducing delays.
Error Reduction: Automatically flags differences in language, coverage, and endorsements, minimizing human errors.
Improved Compliance: Ensures that all policy form changes are reviewed for compliance, preventing regulatory issues.
Increased Accuracy: Offers a clear, side-by-side view of policy variances for more precise decision-making.
Cost Savings: Reduces the need for manual review, cutting down operational costs by enhancing efficiency.
