SUBMISSION INSIGHTS

about-image
The 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