Intellect Design Arena Limited announced the release of the world's first no touch loss run extraction technology powered by Gen AI and built on Intellect's eMACH.ai architecture. This ground breaking technology utilizes the strength of Large Language Models to extract data from loss runs in an instant with greater than 95% accuracy across all document formats including handwritten, Excel, images, and PDFs. Loss runs vary in format and structure depending on the carrier, which makes them more complex and challenging for AI models to read and extract with high accuracy.

Historically, those involved in the insurance submission process were forced to choose between the accuracy of the loss run data or the speed at which the data was pulled. Increased accuracy also often requires humans in the loop, slowing down the time it takes to analyze a risk and provide a quote. This additional time can ultimately make the difference between winning or losing a deal.