Solution

Quantiphi has deployed a sandbox that ingests the emails automatically and processes the attachments as required by the business. The solution performs the following functions:

Email ingestion: Real-time email ingestion system for ingesting attachments along with details of the sender, subject line, and timestamp

Document Classification: Classify documents based on the type and content of ACORD forms, loss runs, WC forms, CC forms, supplemental documents, or unknown

Extraction: Extract multiple fields and values from ACORD form 125, 126, 127, 130, 131, 140, Workers Compensation forms, and Child care forms

Transaction Definition: Based on the fields extracted from the documents, each submission is broken down into separate transactions

Output: The extracted output is then converted into IDX and XML formats to support the downstream applications

Result

Industry leading classification and extraction accuracy for submission intake digitization
Extraction Support for handwritten scanned WC and CC forms
Streamlining and standardizing of underwriting workflows