Hyperautomation of insurance data grows

Through Insurtech Vanguards, Guidewire identifies and highlights the latest insurance technology innovation in the P&C industry. The Insurtech Vanguards programme offers a direct channel that connects insurers with technology companies, aiming to provide insurers with exponential business growth through quick and decisive access to disruptive, cutting-edge insurance technology.

“We are honoured to showcase our product as an Insurtech Vanguard,” said Dr Akhil Sahai, Kanverse.ai CPO and Founding member. “Carriers can turbocharge insurance forms processing workflows with Kanverse Hyperautomation. Insurers can seamlessly integrate Kanverse across their business environments and witness zero-touch processing of inbound ACORD and supplemental forms with 99.5 per cent accuracy.”

“We are thrilled to welcome Kanverse.ai to our Insurtech Vanguard Program,” said Laura Drabik, Chief Evangelist, Guidewire. “We launched Insurtech Vanguards to help P&C insurers gain new visibility into insurtechs’ cutting-edge technology and we are excited to introduce Kanverse to our customers.”

Insurers can now reimagine the insurance submission process with Kanverse. They can process ACORD and other supplemental forms with the Kanverse Insurance Document Processing product powered by hyperautomation. It automates ACORD and supplemental forms’ ingestion, classification, and data extraction, approvals and filing. Kanverse Package View groups insurance forms for the submission intake process using AI (Artificial Intelligence).

Furthermore, Kanverse AI can automatically adapt to changes witnessed in insurance forms without manual intervention or fine-tuning the system.