{"id":57950,"date":"2024-03-13T09:26:56","date_gmt":"2024-03-13T09:26:56","guid":{"rendered":"https:\/\/authbridge.com\/?page_id=57950"},"modified":"2024-04-11T09:40:21","modified_gmt":"2024-04-11T09:40:21","slug":"authbridge-launches-automated-pivc-solution-to-reduce-pivc-time","status":"publish","type":"page","link":"https:\/\/authbridge.com\/staging\/newsroom\/authbridge-launches-automated-pivc-solution-to-reduce-pivc-time\/","title":{"rendered":"Newsroom | AuthBridge Launches Automated PIVC Solution to Reduce PIVC TAT by 80%"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"57950\" class=\"elementor elementor-57950\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c0f731a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c0f731a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b8fcbd\" data-id=\"7b8fcbd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c94b4f elementor-widget elementor-widget-heading\" data-id=\"9c94b4f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">AuthBridge Launches Automated PIVC Solution to Reduce PIVC TAT by 80%\n<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ef3150 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"3ef3150\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-1024x1024.png\" class=\"attachment-large size-large wp-image-57951\" alt=\"\" srcset=\"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-1024x1024.png 1024w, https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-300x300.png 300w, https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-150x150.png 150w, https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-768x768.png 768w, https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative-1536x1536.png 1536w, https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/04\/PR-creative.png 1600w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01011ae elementor-widget elementor-widget-post-info\" data-id=\"01011ae\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/authbridge.com\/staging\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"https:\/\/authbridge.com\/staging\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-87de316 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-calendar\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M12 192h424c6.6 0 12 5.4 12 12v260c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V204c0-6.6 5.4-12 12-12zm436-44v-36c0-26.5-21.5-48-48-48h-48V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H160V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H48C21.5 64 0 85.5 0 112v36c0 6.6 5.4 12 12 12h424c6.6 0 12-5.4 12-12z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>March 13, 2024<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-7327398 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-clock\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8zm0 448c-110.5 0-200-89.5-200-200S145.5 56 256 56s200 89.5 200 200-89.5 200-200 200zm61.8-104.4l-84.9-61.7c-3.1-2.3-4.9-5.9-4.9-9.7V116c0-6.6 5.4-12 12-12h32c6.6 0 12 5.4 12 12v141.7l66.8 48.6c5.4 3.9 6.5 11.4 2.6 16.8L334.6 349c-3.9 5.3-11.4 6.5-16.8 2.6z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-time\">\n\t\t\t\t\t\t\t\t\t\t<time>9:26 am<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6551cdf elementor-widget elementor-widget-text-editor\" data-id=\"6551cdf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span class=\"legendSpanClass\">GURUGRAM,<span>\u00a0<\/span><span class=\"xn-location\">India<\/span><\/span>,<span>\u00a0<\/span><span class=\"legendSpanClass\"><span class=\"xn-chron\">March 13, 2024<\/span><\/span><span>\u00a0<\/span>\/PRNewswire\/ &#8212;<span>\u00a0<\/span><b><u><a href=\"https:\/\/authbridge.com\/staging\/\" rel=\"nofollow noopener\" target=\"_blank\">AuthBridge Research Services Private Limited<\/a><\/u><\/b>, a pioneer in trust and authentication technology, announces the launch of its automated Pre-Issuance Verification Call (PIVC) solution to eliminate policy-related disputes between customers and insurance companies. The AI\/ML and Speech-to-Text technologies aim at saving cost and reducing the turnaround time for PIVC by 80%.<\/p><p>Designed to give insurance companies a competitive edge, the solution will not only empower them with superior customer experience but also prevent mis-selling and the likelihood of legal disputes arising from inaccurate or incomplete information.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-027572f elementor-widget elementor-widget-text-editor\" data-id=\"027572f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Commenting on the need for an automated PIVC solution in<span>\u00a0<\/span><span class=\"xn-location\">India<\/span>,<span>\u00a0<\/span><b><span class=\"xn-person\">Ajay Trehan<\/span>, Founder &amp; CEO of AuthBridge,<\/b><span>\u00a0<\/span>said,\u00a0<\/p><p><b><i>&#8220;<span class=\"xn-location\">India&#8217;s<\/span><span>\u00a0<\/span>insurance market issues a staggering 200 million life and general insurance policies annually, with 12% growth each year. This demands efficient solutions to streamline issuance. An Automated PIVC streamlines the process, improving conversion rates and reducing turnaround times. It also cuts costs (Rs. 50-100 per manual call) and mitigates legal risks with a secure audit trail. By empowering a superior customer experience, the solution positions insurers for a competitive edge.&#8221;<\/i><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f610f07 elementor-widget elementor-widget-heading\" data-id=\"f610f07\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Some of the key features of AuthBridge's PIVC solution include:<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffafcc3 elementor-widget elementor-widget-text-editor\" data-id=\"ffafcc3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul type=\"disc\"><li><b>Safeguard against legal disputes:\u00a0<\/b>Collect speech and text-based customer consent to establish a secure audit trail and avoid legal disputes in the future \u00a0<\/li><li><b>Alleviating scheduling conflicts<\/b>: Let the customers schedule the call at their convenience across email, WhatsApp, SMS<\/li><li><b>Optimized manpower and logistics costs<\/b><span>\u00a0<\/span>&#8211; Reduce manpower and logistics costs associated with manual calling while minimising human error and intervention in authenticating the customer<\/li><li><b>Enhanced customer experience<\/b><span>\u00a0<\/span>\u2013 Quick and easy policy issuance with clear communication of policy details.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea41ed elementor-widget elementor-widget-text-editor\" data-id=\"1ea41ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Sharing insights into the achievement<b>,<span>\u00a0<\/span><span class=\"xn-person\">Sandeep Singh<\/span>, SVP of Products of AuthBridge, shared,<span>\u00a0<\/span><\/b><\/p><p><\/p><p><b><i>&#8220;This improvement is achieved through innovative features like automated consent capture, validation via speech-to-text functionalities, and use of AI-ML, streamlining the entire process and delivering a faster, more efficient experience for both users and administrators. This also reduces the possibility of human error and intervention in the validation process.&#8221;<\/i><\/b><\/p><p><b><i>\u00a0<\/i><\/b><\/p><p>While the insurance industry remains reliant on manual calling for Policy Issuance and Verification of Coverage (PIVC), AuthBridge is poised to revolutionize the landscape with its innovative automated PIVC solutions. This forward-thinking approach not only streamlines the customer experience but also empowers insurance providers with significant operational efficiencies and cost reductions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a4b7ec elementor-widget elementor-widget-text-editor\" data-id=\"2a4b7ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>About AuthBridge<\/b><\/p><p>Founded in 2005, AuthBridge is India&#8217;s leading trust and authentication technology company, delivering cutting-edge technology solutions for 2000+ customers across 50+ industries. Supported by the most extensive proprietary databases in the country, combined with ISO 9001:2015 certification for quality and ISO\/IEC 27001:2013 compliance for information security, AuthBridge is the authentication platform of choice for Fortune 500 and Indian Unicorn brands.<\/p><p><\/p><p><b><u><i>Source: <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/authbridge-launches-automated-pivc-solution-to-reduce-pivc-tat-by-80-302086926.html\">PR Newswire<\/a><\/i><\/u><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c5cba13 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c5cba13\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c970284\" data-id=\"4c970284\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5afcf1f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5afcf1f4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2be92680\" data-id=\"2be92680\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c173f93 elementor-widget elementor-widget-heading\" data-id=\"6c173f93\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business grows when you build trust in people<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a013b7 elementor-widget elementor-widget-text-editor\" data-id=\"3a013b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span>AuthBridge helps you with fast, friendly, and comprehensive background and due diligence solutions \u2013 smarter in every way.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-580458db\" data-id=\"580458db\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap 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elementor-size-sm\" href=\"\/contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>AuthBridge Launches Automated PIVC Solution to Reduce PIVC TAT by 80% GURUGRAM,\u00a0India,\u00a0March 13, 2024\u00a0\/PRNewswire\/ &#8212;\u00a0AuthBridge Research Services Private Limited, a pioneer in trust and authentication technology, announces the launch of its automated Pre-Issuance Verification Call (PIVC) solution to eliminate policy-related disputes between customers and insurance companies. The AI\/ML and Speech-to-Text [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":57951,"parent":1221,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"categories":[47],"tags":[],"industry":[],"assets":[],"product":[],"use_case":[],"region":[],"check_type":[],"solution":[],"class_list":["post-57950","page","type-page","status-publish","has-post-thumbnail","hentry","category-newsroom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AuthBridge Launches Automated PIVC Solution | In the News<\/title>\n<meta name=\"description\" content=\"AuthBridge announces the launch of its automated Pre-Issuance Verification Call (PIVC) solution to eliminate policy-related disputes.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, 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