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Magic Submission

Any Format | Any Source | Any Structure

Magic Submission - Product Overview

The Magic Formula:

  • Extract: The purpose-built Al models read emails, unbundle complex combinations of ACORD forms, broker excels, custom forms, and other documents to convert extracted information into actionable data for underwriters.
  • Enrich: Validate and enrich risk information such as Address, COPE, NAICS, ISO, Financial, Hazard, class codes and more with thousands of data sources.
  • Experience: AI, humanised for a simple ‘human-in-the-loop’ experience. Business-driven workflow analyses the data in near real-time to make decisions on exceptions, errors, and approvals.

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Why Magic Submission?

Without Magic Submission

With Magic Submission

Extraction times that last days/weeks
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Extraction times that are minutes/hours
Limited risk data footprint
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Thousands of data sources for risk insights
Inconsistent extraction
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>98% extraction accuracy
Inconsistent risk classification (ISO, NAICS, SIC)
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Consistent risk classification models (ISO/NAICS)
Cannot quickly scale for spikes
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Resilient platform with auto scaling

Product Highlights

500+

Document
Types

98%

Extraction
Accuracy

800+

Business
Insights

>50%

Cost
Reduction

Transform your business with the magic of AI.

Product Features

The AI-powered tool contextually reads unstructured and structured documents across all lines of business much like humans do in 87% less time.

Magic Submission understands the relationships and hierarchies of data across different documents and maintains these in the output JSON API.

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  • 1.

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    Classify

    1

    Automatic document classification, based on text and images features.

  • 2.

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    Extract

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    Extract contextually-relevant information from unstructured and semi-structured data, leveraging purpose-built AI models.

  • 3.

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    Normalise

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    Submission data is normalised to target carrier data models.

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    Validate

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    Input data is validated, leveraging business rules or external sources.

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    Enrich

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    Append with additional exposure data for company or location, triangulated from external data sources.

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    Integrate

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    Integrate structured output to target system.

Awards and Accolades

CELENT

Intellect SEEC powered St. James’s place wins Celent’s “Model Wealth Manager Award” In Emerging Technology category for “New Business Innovative” initiative – 2020

NOVARICA

Intellect Risk Analyst implementation at Liberty Mutual featured as a case study in the Data and Analytics category by Novarica in their 9th Annual case study compendium report , “Insurance Technology Case Study Compendium 2020”

AITE

Intellect SEEC recognized as a “Full AI Suite Provider” who can help carriers streamline their underwriting workflows

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