Exdion XTRACT is powered by advanced machine learning algorithms and offers insurance brokers all they need to drive more revenue!
The XTRACT system is a versatile and powerful platform that can process documents from over 2000 plus underwriting carriers, cutting across 3000+ templates. It handles 80 + lines of business as well!
The intelligent XTRACT engine is the only tool that can work with any document in the insurance policy lifecycle. It does so seamlessly, handling policies and carrier-specific forms like quotes or ISO's without missing a beat!
XTRACT can read both scanned and native PDF documents, can process embedded images, and work with a variety of other formats to include word documents, spreadsheets, and the like.
The XTRACT system can recognize coverages, compare quotes, extract exposures and compare them across a multitude of documents, identify “throw-in” coverages and exclusions.
Saves time by effectively transforming a tedious manual workflow into a digital environment.
Delivers deeper customer engagement and faster conversions for brokers.
It allows high-quality, data-driven risk advice that the broker can now offer to clients.
Introduces data liquidity to the commercial insurance broker.
The platform breaks down a typical policy document to be able to intelligently retrieve information. The system has been trained over an exhaustive corpus of carrier document templates and proposals, seamlessly delivering 95% indirect passthrough - a first in the industry.
On-demand, the platform uses machine learning and fuzzy logic to deliver real-time data extraction. This process delivers a minimum accuracy of 95%. The system uses a unique image processing engine with neural network architectures and complex business rules to cut noise, making the outputs readily consumable.
The algorithms and solutioning were built by a team of insurance domain experts, each with more than 20 years of industry experience.