Instantly parse policy declaration pages
Capture coverage details from policy declaration pages across all carriers in seconds. Extract coverage details, premiums, deductions and more without manual data entry to stay on top of client claim processing and underwriting.
Start with 100 documents free per month
Up-to-date & accurate documentation
Fast, technical customer support
Extract the data you need from policy declarations with Sensible
Policy declaration pages, or dec pages, outline insurance policy details, including who or what is covered, coverage limits and deductibles, premium amounts, insurance company information, and more. Extracting data from dec pages is an important part of underwriting, claims resolution, compliance, and risk management workflows, which rely on having timely, accurate, and structured data. Automating this data extraction saves your team’s time and effort, and ensures consistent, high quality information.
Sensible automates policy declaration page extraction – no matter the insurance type or carrier – so teams can increase processing efficiency, and reduce the risk of manual extraction error.
Common policy declaration page extraction use cases
No matter what type of dec page extraction falls in your insurtech or fintech workflow, trust Sensible to accurately extract the data you need in real time.
Policy verification and compliance
Extract consistent, structured data from large volumes of dec pages to ensure compliance with regulatory requirements and reporting obligations.
Claims processing
Ingest dec pages to extract and verify policy coverage details during claims process, reducing the manual burden on claims adjusters.
Risk assessment and underwriting
Assess coverage details, policy limits, endorsements and amendments, and policyholder information to make informed decisions about policy approvals, pricing, and risk mitigation.
Premium audits
Ensure accurate premium calculations by automatically extracting and tracking current policy details, their premiums, and their usage
Policy analysis
Analyze policy details, like coverage limits, deductibles, premiums, and policy terms, to identify emergent trends and adjust your risk management strategy accordingly.
What data can Sensible extract from policy declaration pages?
Some of the key data that Sensible can extract from dec pages include:
Plan Information
- Insurance Plan Name
- Policy Number
- Date Coverage is Effective
- Coverage Expiration Date
- Agent Name
- Agent Contact Information
- Terms and conditions
- + more
Coverage
- Types of Coverage
- People or Entities Covered
- Per-person or per-entity Coverage Limits
- Premiums
- Deductibles
- + more
Policy-holder details
- Policy-holder names
- Billing address
- Preferred payment method
- + more
The Document Automation Platform for Developers
Sensible is the developer-first platform that makes accessing the data in documents as easy as calling an API. Avoid PDF parsing headaches with Sensible Instruct – just describe the data you want to extract, and integrate it into your workflow or system. Augment Sensible Instruct with SenseML to maintain full control and visibility over your data extraction.
"We've been able to scale to 2,000 members and ~$2MM of tracked premiums in a very short time with one person on operations. We couldn't have done that without Sensible."
Stuart Winchester
CEO, Marble
Developers
Focus on building apps, not document extraction
Sensible gives you customizable control over your entire extraction process. Combine LLM and layout-based extraction methods to accurately extract data. There are no models to train (or retrain), and no onerous data requirements. Onboard using a single sample document, and publish production API endpoints in seconds.
Product Managers
Scale your business without reinventing the wheel
Sensible provides embeddable document extraction infrastructure so that your team can focus on building a great product, not wrangling OCR and AI services. Integrate with your product in just a few lines of code, saving hundreds of hours of development and ongoing maintenance.
Extract policy declaration pages with just a few lines of code
Stop relying on manual data entry. With Sensible, you can claim back valuable time. Your ops team will thank you and you can deliver a superior user experience. It’s a win-win.
Stop relying on manual data entry to parse dec pages. With Sensible, claim back valuable time while ensuring mission-critical accuracy in claims processing, policy analysis, and underwriting workflows. Your engineering team will thank you and you can deliver an expedited user experience. It’s a win-win.
Start with 100 documents free per month
Up-to-date & accurate documentation
Fast, technical customer support
Policy Declaration Parsing FAQs
We’d be happy to answer any additional questions. Please book a demo with our team to get more information.
Policy declaration page parsing, also known as policy declaration page extraction or dec page extraction, is a technological process that extracts and organizes data from dec pages in a structured format. The goal of dec page parsing is to save time, reduce human error, increase processing efficiency, and improve data accuracy in claims processing, policy analysis, underwriting, and premium audit workflows.
This process involves utilizing natural language processing (NLP) and machine learning algorithms to identify crucial information such as policy holder information, coverage details, premium amounts, terms and conditions, coverage limits, deductibles, broker information, and more. The extracted data is then categorized and stored in a systematic manner, allowing for efficient searching, analysis, and management.
At Sensible, our AI-powered platform provides robust dec page parsing capabilities that are customizable, accurate, and fast.
Parsing dec pages is crucial as it allows claims adjusters, underwriters, and policy analysts to quickly access, analyze, and use important data about insurance policies, risks, and plan usage. Manual extraction can be time-consuming and error-prone. Using an automated extraction tool like Sensible ensures speed and accuracy, saving time and effort for other important tasks.
Policy declaration page parsing, also known as dec page extraction, is the process of converting unstructured dec page data into a structured format. Here's how it generally works:
Document Input: A dec page in various formats - such as .doc, .pdf, .txt, or even scanned images - is uploaded into the dec page parser.
Pre-processing: The parser software performs preprocessing steps to prepare the document for extraction. This can include Optical Character Recognition (OCR) for scanned images or PDFs, removing special characters, and converting the entire text to a standard format.
Parsing: The parser then analyzes the standardized text to identify and tag different sections such as policy holder information, covered property or assets, coverage limits and deductibles, and so on. Advanced parsers, like Sensible, can even handle complex structures such as tables, checkboxes, and handwriting.
Data Extraction: After tagging, the parser extracts relevant data points based on predefined categories or tags. The parser converts these data points into a structured format, making it easy to store, manage, and analyze.
Output: The parser generates an output usually in a structured format like JSON or XML that can easily be incorporated into various applications and systems.
It's important to note that the quality and accuracy of dec page parsing can significantly vary based on the parsing software used. Sensible’s advanced AI-driven approach to dec page parsing ensures high accuracy and versatility, capable of handling various document types and layouts, even ones it has not encountered before. This provides users with reliable and efficient extraction of data from dec pages.