The success of the insurance business relies heavily on fast and accurate processing of large volumes of documents. However, manually entering data from forms and documents is time-consuming, error-prone, and expensive, leading to slower turnaround times and loss of business.
Kanverse AI Agent for Insurance Document Processing retrieves documents from one or more input channels, classifies and extracts the data from insurance submission intake and claims documents with 99.5% extraction accuracy, validates and reconciles the data with third-party systems, and files them into Insurance systems of choice.
Kanverse AI Agent processes ACORD forms, Custom forms, supplemental forms, Statement of Value, Loss Run documents, Quotation requests, incident reports, etc., which are often in different formats like PDF, Excel, word, images (TIFF, JPG, PNG), etc., and collates, visualizes, and processes them as a single package.
Kanverse AI Agent adapts to document changes from time to time without the need for fine-tuning or compromising extraction accuracy. In addition, it transforms the experience of managing forms—making it faster, easier, and more accurate than manual data entry. It is powered by an integrated business rules framework that performs validations and lookups and automates the filing of these documents in Insurance software systems.
