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: Cloud-based data extraction tool that uses AI/ML
Area: Both Property & Casualty insurance and Life & Health insurance
Shaped by the real-world needs of carriers, reinsurers, and MGAs, SortSpoke is the most advanced and easy to deploy AI solution for turning any new submissions, claims, and other unstructured documents into structured data. Leveraging an easy-to-use interface, SortSpoke works alongside customer experts, learning and adapting from feedback. SortSpoke enables unprecedented speeds and scale, with unbeatable levels of data accuracy, achieving same-day turnaround on most submissions – allowing teams to focus on things that matter most.
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 eliminates manual and repetitive tasks for underwriters by extracting data from supplemental insurance applications, medical records, and other types of unstructured documents, so underwriters can focus on writing more new business.
Major features & technology used:
Leveraging its own proprietary, rapid machine-learning technology, SortSpoke differentiates itself as the only universal intelligent document processing platform able to handle some of the most complex and varied documents, of unlimited quantity and any language. The human-in-the-loop system ensures 100% data quality and auditability in highly regulated and high-risk use cases.
SortSpoke helps enterprises turn unstructured documents into structured data, making it easy to automate the complex data entry work done by humans. SortSpoke uses proprietary, rapid machine-learning technology that allows enterprises to train in less than 1 day how to extract any data from any document type, structured or unstructured, in any language. For more information, please visit sortspoke.com.
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