Bordereaux Sync Overview
Bordereaux management is a complex process involving a mass of information about premiums, claims and other insurance tasks and accountabilities. Insurers and their brokers, coverholders and TPAs must regularly exchange information to oversee policy portfolios and manage risks and premiums and claims liabilities. However, because of manual processing and the multitude and variety of bordereau sources and formats, mistakes can creep in and compound as information flows back and forth.
That is why, there is a need for a better way to manage bordereaux at the start of the information flow to ensure confidence that mistakes can be spotted and corrected before information is sent to a counterparty and added to a bordereaux management system.
Bordereaux Sync, a powerful new AI tool from CTInsureTech InsureTech, provides this confidence and accuracy.
AI-Powered Bordereaux Management
There is now a more intelligent and precise way to manage bordereaux workflows.
Bordereaux Sync, a powerful new AI tool from CTInsureTech InsureTech, developed with Microsoft, is a smart technology assistant that screens all bordereau files and records within before transferring them to a bordereaux management system such as Tide. It improves bordereau reliability from the outset, avoiding issues that would emerge later if ‘unclean’ data has been exchanged between counterparties.
Bordereaux Sync is a standalone SaaS application that employs the latest AI technology to spot errors and inconsistencies. It will cleanse and repair faulty data before forwarding it to a counterparty and can be used by anyone in the insurance community who needs to handle bordereaux.
If corrections can’t be made at the source, Bordereaux Sync will converse with the bordereau sender, highlight the problem and request the right data. Once the data is supplied it will enhance the bordereau with the correct information and follow up until the errors have been resolved.
Smart Bordereaux Data Management
What makes Bordereaux Sync so powerful is the combination of generative AI and agentic AI. Generative AI is continually evolving and becoming more refined and responsive, while agentic AI adds a new dimension to artificial intelligence and its role in insurance.
Agentic AI is a proactive technology that can think and act autonomously. Blending machine learning, natural language processing, and automation, agentic AI can ingest large amounts of diverse information, analyse it and make intelligent decisions about accuracy.
