United States- 25/03/2025-
Aress, the AI-powered automation solutions leader, has launched an innovative Insurance ACORD Forms Processor based on GenAI to transform how insurance firms process data extraction. Using LlamaParse and sophisticated Large Language Models (LLM), Aress processes the extraction and organization of data from ACORD forms (ACORD 25, ACORD 130, ACORD 125, etc). This advanced approach enhances precision, and integration with downstream systems such as CRM, Sales, and Policy Management.

Redefining Insurance Workflows with AI-Powered Automation

Insurance firms handle numerous ACORD forms daily, which hold important policyholders, coverage, and claims information. Manual data entry has historically resulted in inefficiencies, inaccuracies, and delays. Aress' GenAI-driven ACORD Forms Processor overcomes these issues by automating data extraction, formatting it into formats such as JSON or CSV, and synchronizing it with enterprise systems in real-time.

Words from the Managing Director

The insurance industry is transforming at a blazing pace digitally, and competitiveness can only be achieved through automation. Our GenAI-powered solution allows insurance firms to continuously extract, process, and utilize ACORD form data, reducing errors and increasing process efficiency. Through AI-based automation, we streamline processes and enable faster, data-driven decision-making, resulting in better customer satisfaction.

Marketing Team's Perspective
Our ACORD Forms Processor with GenAI disrupts insurers that want to be more efficient and offer better service. By avoiding data entry, our solution eliminates processing time, enabling companies to focus on providing improved customer service. Merging current information among systems, including CRM and sales modules, provides insurers with unmatched advantages in an increasingly fast-paced marketplace.

The team also focused on Aress's dedication to innovation, which has made AI-based automation a central aspect of digital transformation initiatives for insurance companies.

Technical Team on the Innovation Behind the Solution

Our ACORD Forms Processor uses LlamaParse and LLM models to process intricate document layouts intelligently. The technology can automatically identify data fields such as policyholder names, coverage limits, policy types, premium values, and claims information. When extracted, the information is presented in JSON or CSV format to facilitate easy integration with downstream applications like CRM, sales, and policy management systems.

Real-time synchronization ensures that the latest and most accurate information is always available, eliminating the risks of incorrect or stale records. The tech team also underscored the solution's security and scalability, assuring that insurance firms of any size can trust Aress' AI platform for effortless automation.

Business Benefits of Aress' AI-Powered ACORD Forms Processor

Enhanced Operational Efficiency: Removes manual data entry, greatly minimizing processing time and maximizing productivity.

Enhanced Accuracy and Less Error: AI-driven automation minimizes the risk of human error and has the potential for precise data capture.

Better Decision-Making and Customer Service: Real-time data refreshes to downstream systems allow the sales and service teams to view up-to-date customer data immediately, leading to accelerated policy issuance, claim settlements, and renewals.

Smooth Integration with Enterprise Applications: Extracted data can be automatically fed to CRM and sales platforms, improving customer profiling and workflow automation.

Scalable and Future-Ready: The solution is engineered to support high data volumes of various ACORD form types, making it suitable for mass insurance operations.

About Aress
Aress is a progressive technology solutions provider focusing on AI-powered automation, big data analytics, and digital transformation. Driven by Efficiency, Accuracy, and Innovation, Aress enables businesses to automate complicated processes through intelligent automation.

With data-led consultancy and enterprise solution integration, we help organizations stay on top in a fast-evolving digital environment. We do this by harnessing the power of emerging technologies to unlock new avenues for growth, streamline workflows, and elevate customer experiences.

For more information, visit Aress.