Schedule of values

ACORD Transcriber Now Includes AI-Enabled Data Extraction for Submission Documents Including MRCs

Retrieved on: 
Thursday, November 17, 2022
MRCS, Ecosystem, ACORD, Automation, Lloyd, Schedule of values, Geography, SOV, Lloyd's of London, Insurance, API, PDF, ADEPT, GPM, Map, ECOT, MRC, Transcriber, Medical device, Risk management

LONDON, Nov. 17, 2022 /PRNewswire/ -- ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of extended capabilities in ACORD Transcriber, a widely used tool that enables digitisation and automation of data in insurance forms and other documents. These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).

Key Points: 
  • These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).
  • ACORD Transcriber was built to automate the download, population, and extraction of data in insurance documents.
  • The latest capabilities of ACORD Transcriber's comprehensive AI/ML engine include support for data extraction from highly unstructured formats such as MRCs, Schedules of Value (SOVs), and other submission documents.
  • With these capabilities, we can now support data extraction across the full insurance lifecycle, from initial submission to accounting and claims."

ACORD Transcriber Now Includes AI-Enabled Data Extraction for Submission Documents Including MRCs

Retrieved on: 
Thursday, November 17, 2022
MRCS, Ecosystem, ACORD, Automation, Solution, Population, Lloyd, Schedule of values, Geography, SOV, Efficiency, Lloyd's of London, Industry, Insurance, PDF, API, ADEPT, GPM, Map, ECOT, MRC, Transcriber, Medical device, Risk management

LONDON, Nov. 17, 2022 /PRNewswire/ -- ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of extended capabilities in ACORD Transcriber, a widely used tool that enables digitisation and automation of data in insurance forms and other documents. These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).

Key Points: 
  • These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).
  • ACORD Transcriber was built to automate the download, population, and extraction of data in insurance documents.
  • The latest capabilities of ACORD Transcriber's comprehensive AI/ML engine include support for data extraction from highly unstructured formats such as MRCs, Schedules of Value (SOVs), and other submission documents.
  • With these capabilities, we can now support data extraction across the full insurance lifecycle, from initial submission to accounting and claims."