Intellect SEEC’s Magic Submission, an IDX product, was featured among prominent providers of Intelligent Text Ingestion (ITI) tools for Advanced Underwriting, in Novarica’s latest report, Intelligent Text Ingestion: Overview and Prominent Providers.
Novarica states that “Advanced underwriting tools have features and capabilities designed primarily for commercial insurance business submission and underwriting. ML and AI play a larger role in this suite of tools to expedite the underwriting process as well as to classify risks appropriately.”
Magic Submission, with purpose-built AI, the latest in a line of commercial underwriting products from Intellect SEEC, provides a unique opportunity for companies to increase productivity, efficiency and build operational resilience into their underwriting process. Magic Submission is a cognitive information extraction, validation and enrichment platform, which extracts contextually relevant information from bundles of unstructured, semi-structured and structured sources using AI technologies.