London, U.K., - November 25, 2024 - TCG Process, a leading provider of intelligent document processing (IDP) solutions, today announced a partnership with Risk Solved, a prominent risk engineering and risk data solutions platform provider. This collaboration integrates TCG Process’ DocProStar with Risk Solved's platform, enabling customers to automatically process and integrate vast amounts of legacy risk assessment data, regardless of format.
At a time when commercial insurance claims costs are rising, and the pool of experienced risk engineers diminishing, the industry is facing significant challenges. Manual collation of risk data for policy coverage is no longer efficient or sustainable.
DocProStar's intuitive, no-code approach empowers organizations to easily create automated processes that extract key details from documents and validate them against business rules and core systems. This streamlines data ingestion into the Risk Solved platform, significantly accelerating time to value and maximizing ROI. Automating the ingestion and processing of legacy information could save clients hundreds of working hours per year.
"This partnership delivers immediate benefits to both Risk Solved and TCG Process customers," says Barry Richards, Managing Director at TCG Process UK. "Risk Solved clients gain rapid, cost-effective integration of legacy data using the tried and tested DocProStar platform, while we further expand our support within the insurance sector by offering seamless integration with a powerful risk management solution."
The key challenge addressed by this partnership is building a “legacy-free" ecosystem that can ingest and present multiple data sources in an insightful format to underwriters. The collaboration offers a cloud-based solution that consolidates all available risk data into a single portal, providing a comprehensive risk quality evaluation down to the property location level, not only enhancing underwriter decision-making but supporting better customer engagement.
The partnership also strengthens DocProStar's position as a key enabler of SaaS adoption within the insurance industry, showcasing its ability to automate critical processes and deliver significant value.
About TCG Process
TCG Process, with headquarters in Switzerland, is an international organization that develops and integrates input management and intelligent process automation software. Its solutions are used in industries such as banking, insurance, healthcare, government and public administration to digitize and automate document-driven processes. TCG Process sells both directly and via partners globally.
For more information visit www.tcgprocess.com and follow TCG Process on LinkedIn.
About Risk Solved
About Risk Solved is a global risk engineering and risk data analytics platform providing Insurers, MGAs, and Brokers/Agents with the ability to gather and generate consistent risk insights using cloud-based, highly configurable, SaaS technology. This enables them to effectively assess, mitigate, and monitor risks through real-time data and automation. An experienced and expert team who have partnered with other industry software specialists to create a smart platform designed for the insurance sector to optimise risk data management.
For further information: https://www.risksolved.com/