How to efficiently review Insurance Policies with DocuMine

Streamline Insurance Policy reviews using AI-powered DocuMine, saving time and improving efficiency.

What is DocuMine?

DocuMine eliminates the tedious task of manually searching through large volumes of documents. You can ask specific questions to receive precise answers. DocuMine automatically suggests answers to your questions and creates references to the relevant numbers, text, or sentences.

By replacing manual work with AI, users can focus on reviewing and validating data while staying in full control.

Why Use DocuMine for Insurance Policy Reviews?

Insurance Policy reviews can be complex and time-consuming, requiring a detailed understanding of terms, coverage limits, exclusions, and responsibilities. Traditionally, reviewers must read through lengthy policies manually, making the process prone to oversight and inefficiencies.

DocuMine transforms the way you review Insurance Policies by enabling:

• Time Savings: Automates the search for key provisions and clauses.

• Consistency: Provides a standardized approach to analyzing policy language across different insurers or clients.

• Traceability: Links answers directly to the original clause using Snips, ensuring a clear and auditable trail.

Prerequisites

• DataSnipper version 6.2 or later
• User Management enabled in Admin
• Accelerate or Elevate DataSnipper package
• Access to the internet

Video Tutorial

Example workbook

Here you can download the workbook shown in the video including all of the listed questions and source documents.

Example workbook - Insurance Policy review

Step-by-Step Guide

Step 1: Prepare Your Insurance Policy Document(s)

1. Upload your Insurance Policy document(s) to the DataSnipper Platform.
2. Use the "Import" or "Organize" buttons to ensure your documents are ready for processing. 
   

Step 2: Define Your Questions

1. Write down the specific questions you want answers to in your Excel sheet.
   Examples:
   
   • "Which insurance provider issued it?"
   • "What risks are covered under the policy?"
   • "What are the terms and conditions for renewal?"
2. Refer to example workbooks for common Insurance Policy review questions, if available.

Step 3: Open DocuMine

1. Click the DocuMine icon in the DataSnipper ribbon in Excel. 
   
2. The DocuMine pane will appear on the right side of your screen.

Step 4: Select Your Input Questions

1. Highlight or select the questions you’ve written in your Excel sheet.
2. Click Next in the DocuMine pane to proceed.

Step 5: Select Your Source Documents

1. In the DocuMine pane, select the Insurance Policy document(s) you want to search.
2. Click Start to begin the DocuMine process.

Step 6: Start Your Review

1. Once DocuMine completes the process, click "Start Reviewing" to review the AI-generated answers in Excel.
2. Each cell will contain the answers found in the document, along with Snips referencing their source for easy verification.

Step 7: Validate and Save

1. Confirm the accuracy of each answer by reviewing it carefully:
   • If the answer is correct, click "Approve" to save it in the designated cell. Approved answers will turn into pink Snips, confirming your review is complete.
   • If the answer is incorrect, click "Reject" to discard it. Rejecting an answer removes both the incorrect answer and its associated Snips.

Step 8: Use Focus Mode for Detailed Review (Optional)

Focus Mode is a dedicated interface in DocuMine designed to help you efficiently review, approve, and reject answers. It simplifies your workflow by displaying one answer at a time while providing full context from the source documents.

• Left Side: Displays the question, answers, and the reference to the source (Snips).
• Right Side (Document Viewer): Shows the source document for reference.
• Approve or Reject: Validate the answers by either approving or rejecting them as needed.

With a clean layout and intuitive controls, Focus Mode ensures you can concentrate on the Answers without distractions. 

Simple yet efficient reviews

Reviewing Insurance Policies with DocuMine is fast, structured, and accurate. By automating clause extraction and linking answers directly to their source, DocuMine helps you focus on what matters most, validating terms and ensuring compliance.

Ready to streamline your Insurance Policy Reviews? Open DocuMine and try it today!

For more tips and tutorials, keep reading our Knowledge Base!