NLP for Parsing Policy Documents to Extract Coverage Limits
Introduction
Insurance policies contain complex coverage terms scattered throughout lengthy documents. NLP enables automatic extraction of coverage limits, exclusions, and key terms.
Extraction Process and Methodology
Named entity recognition and relation extraction identify coverage types and limits from policy text.
Applications and Benefits
Extracted coverage information improves claims processing, customer communication, and regulatory compliance.
Conclusion
NLP improves policy information accessibility and claims processing efficiency.