ACORD Form Processing
Problem: Third-party administrator needed to support digital operations for remote workers processing ACORD forms.
Solution: SingularityAI extracts key data from ACORD forms. Model trained with a handful of forms using transfer learning.
Impact:
- 100% support for remote workers.
- 50% reduction in claims processing costs.
- 99% straight-through processing.
- $1.4M+ cost savings.