ACORD Transcriber Announces Expanded AI-Enabled Features for Intelligent Document Processing
NEW YORK, Nov. 2, 2023 /PRNewswire/ -- ACORD Solutions Group, 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 digitalization and automation of data processing from insurance forms and other documents. These AI-based capabilities facilitate data extraction from both structured and unstructured document formats, including submissions, contracts, invoices, endorsements, loss runs, market reform contracts (MRCs), schedules of value (SOVs), declaration pages, and more.
- The latest features of ACORD Transcriber's insurance-specific AI/ML engine include new and enhanced capabilities such as:
Comprehensive baseline AI models: Built into ACORD Transcriber are pre-trained AI models for a wide variety of insurance document types. - ACORD Transcriber includes out-of-the-box support for integration to multiple external LLMs, such as clients' proprietary or third-party models.
- ACORD Transcriber can be accessed through a self-service portal, or by API-based integration with a wide variety of third-party and legacy systems.
- If any of your processes currently involves the manual rekeying of information, ACORD Transcriber can show you a better way."