HARRISON, NEW YORK, November 1st 2022 – Integrated Specialty Coverages, LLC (ISC), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics, and an ACORD member, today announced that it has implemented ACORD Solutions Group’s ACORD Transcriber solution. ACORD Solutions Group is the industry-owned extension of ACORD, the global standards-setting body for the insurance industry.
ACORD Transcriber automates the download, population, and extraction of data in ACORD Forms and other documents. ISC is leveraging ACORD Transcriber to extract data from various formats of ACORD Forms, and will import this data into its downstream systems for underwriting. ISC can also use ACORD Transcriber’s UI and mapping tools to automate the extraction of data from custom/proprietary forms.
ISC previously had been manually rekeying information from these documents into its systems. ACORD Transcriber eliminates this step, reducing the time to complete this process from days to minutes. The automation of the process will increase efficiencies across the enterprise, cutting the time and costs associated with manual procedures, and allowing for greater accuracy in the extracted data.
“Continuous improvement is a cornerstone value at ISC,” commented Matt Grossberg, CEO, ISC. “By implementing ACORD Transcriber, ISC will gain immediate efficiencies that we’ll be able to pass down to our clients. Moreover, Transcriber will allow us to take our next step in our technology roadmap that is focused on creating an even faster, more seamless experience for our markets.”
“By collaborating with ISC, ACORD Solutions Group will continue to streamline operations and drive digitalization across the global insurance ecosystem,” shared Malou August, Senior Vice President of Business Development, ACORD Solutions Group. “We look forward to supporting ISC and other partners throughout the industry with our portfolio of next-generation digital solutions like ACORD Transcriber.”
Integrated Specialty Coverages (ISC) is a leading, multi-line program administrator dedicated to underwriting excellence, client service, and customer experience. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. The firm uses sophisticated technology and analytics to revolutionize how complex programs are underwritten and operated. They are joined by experienced professionals from all spheres of the insurance ecosystem and backed by private equity firm, KKR. ISC's strategy is focused on a combination of strategic M&A, data-driven decision making, as well as an innovative means of delivery. ISC provides its partners with high-quality service, competitive commission, and creative product delivery options to help expand their footprint in any desired line or class of business. Please visit: https://iscmga.com/