“A One Stop Life, Health, and Annuity Resource.”

Friendly

Friendly

Insurance Automation & Medical Data Summarization

 

Digitize your documents.
Modernize your world.

Friendly is an AI solutions company specializing in the automated digitization and summarization of complex documents and language formats, including handwriting. Our platform primarily supports underwriting and claims processing for the Life and Disability insurance markets, as well as supplemental benefits like Medicare Advantage. Additionally, our technology is adaptable to other industries such as Legal and Financial Services.

We offer more than just medical underwriting for life insurance. Our services also cover non-medical risk underwriting, including financial, vocational, hazardous sports, and travel risks.

Friendly provides a “train for your own use case” interface that allows anyone, even without a data science background, to fine-tune Friendly models to fit their specific needs.

How Friendly’s AI-powered solution works

FC1

Document Digitization

Converts both structured and unstructured documents, including handwritten text, into digital format with over 90% accuracy.

FC2

Data Extraction & Cleaning

The system automatically extracts critical data from digitized documents, including health, family, and social history, and cleans it by removing excess and duplicate information.

FC4

Natural Language Processing (NLP)

NLP is applied to classify and summarize the extracted information, creating a concise and actionable report.

 

FC3

Summary Generation

The summarized data is sent to underwriters or claims processors, providing a concise overview and customizable summary, which can be made on-the-fly using the admin interface.

FC5

Underwriting Automation

For underwriting, the platform reduces risk assessment time by automating the capture and summarization of key data from applications and case documents.

FC6

Claims Processing

For claims, the platform auto-adjudicates claims and generates summary reports, streamlining the claims process and eliminating unnecessary data.

FC7

Human Review

If the system is not confident in a data point, it flags it for live review by a human, ensuring accuracy and reliability.

FC8

Data Security

Throughout the process, Friendly ensures data security with SOC 2 certification, protecting against unauthorized access and ensuring data integrity and privacy.

Other Features

Admin Tool – Setting Preferences and Customize Output

Anonymize It – Auto Redacting and Replacing Personal Information

Supports mixed records of family relationships

Pricing Model

Friendly employs a subscription-based pricing model for its AI solutions, offering various tiers based on document processing volume and feature requirements:
Basic Tier
Perfect for smaller businesses with lower document processing needs.
Standard Tier
Ideal for mid-sized companies requiring advanced features and higher processing volumes.
Premium Tier
Designed for large enterprises with extensive document processing and advanced customization needs.
This tiered approach allows businesses to select a plan that best fits their specific requirements and budget.
By detecting duplicate data and removing non-essential information, Friendly reduces subscription fees. Additionally, customers who opt for a prepaid subscription receive a special discount.

Trusted by leading insurance & re-insurance companies worldwide

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