Indico Data named a leader in Everest Group’s intelligent document processing (IDP) PEAK Matrix® 2023
Read Now
  Everest Group IDP
             PEAK Matrix® 2022  
Indico Named as Major Contender and Star Performer in Everest Group's PEAK Matrix® for Intelligent Document Processing (IDP)
Access the Report


F500 Insurance company increases premiums by $30M with Indico Data

For decades, this global carrier has been offering insurance solutions for commercial, small business, and personal lines. They pride themselves in helping clients find solutions for unusual and hard to place risks, customized coverage solutions, and most importantly providing superior service throughout the claims and underwriting process.


increase in premiums written


increase in underwriting capacity


A significant portion of a large insurance company’s revenue comes from their underwriting business, which is based on percentage of intake quoted, speed of response, as well as binding conversion rates. With the steadily growing competitive landscape and their focus on providing the highest level of service, the company looked for a solution to help them increase underwriting capacity to increase net premiums written and improve risk profile. The carrier identified that their underwriting team was only able to quote 40% of inbound submissions, of which only 25% were bound, and there was an increasingly competitive tech-enabled market landscape. Their team set out to determine if they could solve this problem by leveraging an intelligent intake application.


With Indico Data, they were able to automate the classification and unbundling of submission emails & attachments, built custom AI models to extract key fields required and utilized Indico’s out-of-the-box ACORD Forms to accelerate processing.


The impact Indico provided the business was significant. The carrier anticipates that their underwriting team’s capacity will increase by 60% allowing them to quote more inbound submissions with faster turnaround times, resulting in $30M+ of new premiums written.

Share on social:

Get started with Indico

1-1 Demo

Monthly Live Demo

Interactive Demo



Gain insights from experts in automation, data, machine learning, and digital transformation.

Unstructured Data Explained

Answers to the most complex questions in unstructured data.

CTO Corner

An accumulation of content straight from our co-founder and CTO.

Unstructured Unlocked

Enterprise leaders discuss how to unlock value from unstructured data.