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  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)
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Hey Travelers, make better decisions under the umbrella across the policy lifecycle with Indico Data

Indico Data's Intelligent Intake solution empowers insurance carriers to radically accelerate and improve decision-making by automating unstructured data intake.

Travelers Insurance faces significant challenges in document ingestion, particularly in underwriting and claims processing, due to the manual effort required to handle large volumes of unstructured data. This manual processing often leads to inefficiencies, increased costs, and slower decision-making.

Indico Data’s Intelligent Intake solution can effectively address these challenges by automating the extraction and processing of information from unstructured documents, enhancing efficiency and accuracy across underwriting and claims workflows. Indico’s platform uses AI and machine learning to streamline risk assessment, improve decision-making, and reduce processing times.

Groundspeed’s focus is primarily on enhancing new business and policy renewal processes through AI, but it lacks the comprehensive approach that Indico provides. Indico’s platform is specifically designed to handle the most complex unstructured data across various insurance workflows, ensuring seamless integration and scalability. Additionally, Indico’s high success rate in implementation and its advanced AI capabilities provide a more robust and tailored solution that aligns closely with Travelers’ needs for operational efficiency and improved customer experience​

By implementing Indico’s solution, Travelers can significantly decrease manual data entry, leading to faster policy evaluations, improved risk selection, and more efficient claims handling. This not only boosts operational efficiency but also enhances customer satisfaction and drives premium growth​

Chris Poly

Hello Travelers Team!

I’m thrilled to introduce myself as your main point of contact at Indico Data.

During my tenure here, I’ve had the privilege of collaborating with large insurance organizations like yours to enhance decision-making across the policy lifecycle. This has resulted in improved loss ratios, premium growth, and customer satisfaction.

Feel free to schedule an intro meeting and we will donate $100 to the charity of your choice.

Book a Meeting

Benefits of intelligent intake for insurance claims and underwriting processes:

Expand capacity up to 70%

Increase process capacity and revenue – without adding headcount

Reduce process cycles times up to 85%

Reduce process cycles times up to 85%

Increase customer satisfaction

Faster claims processing and underwriting decisions keep customers happy

Everest Group IDP PEAK Matrix® 2023

Indico Data was named a Leader in both the overall IDP market assessment as well as the IDP for unstructured data market assessment. We demonstrate the ‘strongest year-over-year movement’ of any provider evaluated in the 2023 PEAK Matrix® Assessment, highlighting our significant progress and continued innovation in market impact, vision and capabilities.

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