Indico Data releases industry-first large language model benchmark for document understanding tasks
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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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Driving efficiency by automating the data intake process across the enterprise

Speed or accuracy when it comes to data intake? With Indico Data, you don’t have to choose. Confidently automate unstructured document intake and accelerate your workflows.

As a leader in AI, Travelers is known to be ahead of the curve when it comes to strategy and execution on the use of AI, while significantly improving expense ratios. At a recent interview with Resinsurance News, Alan Schnitzer mentioned that three main priorities for Travelers when developing differentiating AI capabilities and digital transformation were: 

  1. Legal Expertise
  2. Providing great experiences for clients
  3. Optimizing productivity and efficiency

Understanding that Travelers has numerous AI capabilities in production to drive efficiency to automation, the use of Intelligent Intake to quickly intake data coming in from highly unstructured documents could be invaluable. 

From being able to be more selective when it comes time to triage submissions, reducing quote-to-bind times, detecting claims fraud, accelerate decision processes, and more, Indico’s Intelligent Intake platform can allow Travelers to continue to optimize risk and improve loss ratios by automating data intake.

Bob Parker

Sr. Enterprise Account Executive, Indico Data

If you’d like to further explore what a partnership with Indico would look like, feel free to book a meeting with me.

I look forward to hearing from you. Thanks!

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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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