The success of the insurance business relies heavily on the accurate processing of multiple documents. However, manually entering data from forms and documents is time-consuming, error-prone, and expensive; it also leads to slower turn-around time. Despite, constant process modernization efforts have not yielded as expected, owing to legacy in-house technology and complex solutions.

Kanverse Insurance Document Processing solution automates the ingestion, classification, and data extraction from insurance submission intake and claims documents with 99.5% extraction accuracy. Kanverse powered by AI adapts to document changes from time to time without need for fine tuning or compromising extraction accuracy. In addition, it transforms the experience of managing the forms - making it faster, easier, and more accurate than manual data entry, powered by an integrated business rules framework that does validations and lookups and automates filing of these documents in Insurance software systems.

Key Features

Multi-channel Claims, ACORD, and Supplemental form ingestion

The Kanverse system automatically detects and imports forms and documents from multiple channels (Digital mailroom, FTP, SharePoint, etc.) for processing.

Up to 99.5% extraction accuracy while processing claims documents namely ACORD, Supplemental forms and claims images

Kanverse combines multiple AI technologies with OCR; it delivers an industry-leading unmatched extraction accuracy score.

Automated data capture with AI

Kanverse vision AI inspects and comprehends every element of the SOVs, Loss run reports, Quotation requests, ACORD & Supplemental form seamlessly.

Seamlessly classify insurance forms with AI

The system performs various lookups and checks; rejects incomplete forms automatically.

Validate the forms data with Integrated business rule framework

Kanverse business rules framework applies business logic to the extracted data and verifies it based on requirements.

Low code process automation approach.

Automate workflows, build, and deploy new business rules with minimal technical support.

End to end claims automation

From the moment the forms arrive in the system till the extracted data is published to systems of records – the entire workflow is automated.

Forms keep changing? Kanverse AI can handle that!

Kanverse AI engine adopts to form changes without the need for fine-tuning; maintains up to 99.5% extraction accuracy.

Protect & prevent access to sensitive PII data

System identifies and blurs out the PII sensitive information of policy holders from agents processing the forms while keeping it available to specified roles.

A refreshing new UI with a powerful dashboard

Dynamic data visualization with powerful widgets increase process visibility, velocity of document processing, employee experience, and productivity.

Industry’s first - Fraud & Error Analytics Dashboard

A refreshing data visualization workspace with powerful widgets and drilled down insights.

Seamlessly collaborate to verify and process Claims, ACORD, and Supplemental forms 

Collaborate with team members from within the product in the context of processing Claims, ACORD, and Supplemental forms.

Our Key Insurance Customers

Kanverse Package View - Insurance forms grouped together for submission intake process using AI

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Kanverse IDP digitizes document processing for enterprises from ingestion, classification, extraction, validation to filing. Extract data from a wide gamut of documents with up to 99.5% accuracy using its multi-stage AI engine. Say goodbye to manual entry, reduce cycle time to seconds, optimize cost by up to 80%, minimize human error, and turbocharge productivity of your team.

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