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Insurance Commercial Application - Acord 125
by UiPath
0
Accelerator
<100
Benefits
104
hours
Reduced development time*
90%
Optimized productivity
90%
Enhanced accuracy
Summary
Summary
This accelerator is an out-of-the-box ML model for seamless Acord 125 form processing, retrieval, and validation.
Overview
Overview
The Acord 125 form, also referred to as the Commercial Insurance Application, captures essential client information within the insurance industry. This form records a range of vital details, including the client's business location and contact information, a description of the business itself, historical data related to prior insurance coverage, and any previous loss incidents.
This accelerator processes Acord 125 forms from the years 2011 to 2016 and extracts a substantial amount of information from each form. This includes information about the applicant, insurance policy, and other parties involved in the process, encompassing up to 68 distinct fields plus items.
The Document Understanding Solution Accelerators come equipped with Specialized AI models tailored to particular document types. If a business wishes to refine these models to resonate more closely with a particular document variant in their unique operational context, the models can be further trained. With the groundwork firmly in place, the implementation time can be reduced by weeks.
The use of UiPath Document Understanding Models utilizes UiPath AI Units.
Features
Features
The OOB model can extract data fields including:
- Agency Name, Address, Contact, Customer ID;
- Carrier Name, Policy Number;
- Applicant Information: Name Insured, Mailing Address, Organization Type, GL, SIC, NAICS, FEIN;
- Premises Information: Street, City, ZIP, Interest;
- Prior Carrier Information: Year, Carrier, Policy Number, Premium Amount, Effective and Expiration Date.
Additional Information
Additional Information
Dependencies
• UiPath.DocumentUnderstanding.ML.Activities: [1.17.0] • UiPath.IntelligentOCR.Activities: [6.5.0] • UiPath.Mail.Activities: [1.18.2] • UiPath.Persistence.Activities: [1.4.2] • UiPath.SolutionAccelerators.Reusables.Generic: [1.1.0] • UiPath.UIAutomation.Activities: [22.4.7]
Code Language
Visual Basic
Runtime
Windows (.Net 5.0 or higher)
* Learn more about how the benefits are calculated. Click here.
Technical
Version
1.0.1Updated
March 18, 2024Works with
Studio: 22.4+
Certification
Gold Certified
Tags
Application
Collections
Support
Link: https://marketplace.uipath.com/contact-usSupport on Demand is available only to UiPath Enterprise customers. To access this type of support, you need to have an active UiPath license. More details are available here: https://docs.uipath.com/marketplace/automation-cloud/latest/user-guide/support-on-demand. Note: Marketplace Support On Demand is not subject to a response SLA, but one should expect a response within two business days.
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