Guidewire and Kanverse.ai announced that Kanverse's new Ready for Guidewire validated accelerator is now available to PolicyCenter users in the Guidewire Marketplace. Powered by its patented, proprietary multi-stage artificial intelligence (AI) engine, Kanverse provides end-to-end automation of insurance document processing for insurers. Its technology ingests and extracts data from a variety of insurance documents with up to 99.5% accuracy, validates the documents with business rules to filter unwanted risks, then files the extracted data into Guidewire.

The Kanverse user interface is intuitive and highly collaborative, allowing users to communicate with each other within the platform. Kanverse's powerful AI can adapt to changes in the intake documents and learn from users using auto-learning. With Kanverse's Accelerator for Submission intake, insurers can: Automatically file the extracted data directly in PolicyCenter; Reduce cycle times from days and weeks to minutes; Reduce operational costs and manual labor through Kanverse's automation; and Focus resources on strategic activities and write more policies without impacting quality with resulting increased productivity.

Kanverse can extract data from a wide range of documents, including ACORD documents, custom forms, supplemental forms, loss run reports, statement of values, and quotation request slips. It can also extract from various document formats with extremely high accuracy, like structured, semi-structured, and unstructured documents in Excel, PDF, Word, and image formats.