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Insurance Umbrella/Excess Section - Acord 131
by UiPath
0
Accelerator
<100
Benefits
120
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 131 form processing, retrieval, and validation.
Overview
Overview
The Acord 131 form, also known as the Umbrella/Excess section, is a standardized document that provides information about liability coverage, offering extended coverage and high excess limits.
The model is trained to extract details from the Acord 131 form. This extraction involves up to 57 fields as well as additional items including Agency details, Policy information, Liability coverage specifics, Locations and Subsidiaries, Underlying Insurance information, and more. The model’s proficiency in data extraction contributes to a thorough understanding of the form's content, streamlining the process of obtaining valuable insights from Acord 131 forms.
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:
- Document Date, Effective Date, Name Insured(s);
- Transaction Type, Liability Limits, Retained Limit;
- Automobile Liability Carrier, Policy Number, Effective and Expiring Date, Limits, Annual Renewal Premium Amount;
- Employers Liability Carrier, Policy Number, Effective and Expiring Date, Limits, Annual Renewal Premium Amount.
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
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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