Problem

• Commercial insurance carriers receive applications (ACORD forms), loss runs, and schedules of value in emails. A significant amount of effort is spent entering the data into their quote systems.
• Underwriters also spend a significant amount of time and effort validating the data presented in submissions with 3rd party data sources.
• Time and effort spent becomes a wasted effort due to lack of prioritization in underwriting.

Solution

• CogniSure AI proprietary algorithm automatically classifies the documents such as loss Runs, ACORD, EX-MOD, schedules concealed in submission emails and attachments.
• The extracted data is curated and enriched with third party data source, ready to integrate into market-leading P&C core platforms using API.
• Visual Indicators to help Underwriters Prioritize submissions based on risk profiles and underwriting appetite