Company: SortSpoke
Website: www.sortspoke.com
Business Category: A technology provider of InsurTech tools to insurance practitioners
Maturity Status: Mature (more than 3 years since product went into production)
Product or Service: AI-powered Intelligent Document Processing
Area: Both Property & Casualty insurance and Life & Health insurance
SortSpoke helps commercial P&C underwriting teams increase capacity by 30% and prioritize on-appetite risk submissions to increase quote-to-bind ratios and written premiums by 50%. Sortspoke is the best AI-powered platform for intake, data extraction and triage of complex submissions, even specialty products with unstructured supplemental documents. SortSpoke enables unprecedented speeds and scale, with unbeatable levels of data accuracy, achieving same-day turnaround on most submissions.
What makes us an InsurTech:
The average underwriter spends one-third of their day on repetitive manual data entry when they could be focusing on high-value and strategic initiatives. SortSpoke accelerates the intake process by finding the best submissions based on risk-appetite and business criteria and accelerating data extraction from supplemental insurance applications, medical records, and other types of unstructured documents, so underwriters can focus on writing more premiums.
Major features & technology used:
Leveraging rapid machine-learning technology, SortSpoke differentiates itself as the only intelligent document processing solution able to handle triage and data extraction for the most complex and varied documents, of unlimited quantity and any language. Our human-in-the-loop approach ensures 100% data quality and auditability required in highly regulated and high-risk use cases.
News & Updates
See the latest SortSpoke news.
About SortSpoke
SortSpoke is AI-powered Intelligent Document Processing that eliminates your underwriting bottleneck. Increase premiums by arming your team with the best AI solution for faster document processing, including intake, triage, and data extraction of complex submissions by risk appetite – without sacrificing data quality. For more information, please visit sortspoke.com.
Source: SortSpoke
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