Features & Quick Stats
Key Features
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AI-powered policy data extraction: Uses agentic AI to capture structured data from Policy Declarations and supporting insurance documents, reducing manual review and rekeying.
- Automated ACORD Form creation: Populates and generates ACORD Forms directly from extracted data, helping agencies produce standardized, carrier-ready documentation faster.
- Standards-based data conversion: Converts AL3, XML, and other insurance data formats to support cleaner, more consistent exchange between agency, carrier, and technology systems.
- Real-time digital data exchange: Enables faster movement of standardized insurance data across the ecosystem through API-driven connectivity between agencies, AMS platforms, carriers, and PAS systems.
Core Business
ACORD Solutions Group is a wholly owned subsidiary of ACORD, the non-profit standards-setting body for the global insurance industry.
ASG’s core business is to deliver technology and services that enable secure, efficient, and scalable digital data exchange across the global insurance community.
Through solutions such as ACORD Transcriber and ADEPT (ACORD Data Exchange Platform & Translator), ASG helps carriers, brokers, agents, and technology partners reduce manual rekeying, improve data quality, and accelerate the flow of standardized information across the insurance value chain.
How ACORD Transcriber Helps Independent Agents & Brokers
Independent agents are under increasing pressure to move faster, serve clients better, and keep agency systems accurate — yet too much time is still lost manually rekeying policy declaration information into AMS platforms.
Manual rekeying creates problems and inefficiencies such as:
- Time-intensive workflows: Manual data entry slows processing, delays turnaround, and diverts staff from higher-value client and growth activities.
- Greater risk of errors: Typing, omissions, and transposed numbers can create data quality issues that lead to costly corrections and potential E&O exposure.
- Higher operating costs: Rework, duplicate effort, and manual intervention increase administrative expense and reduce operational efficiency.
- Reduced productivity: Skilled staff spend valuable time on repetitive data entry instead of advising clients, managing accounts, and supporting new business.
- Impact on client experience: Delays and inaccuracies can frustrate clients, weaken confidence, and make it harder for agencies to deliver responsive service.
ACORD Transcriber helps agencies modernize this process by turning policy documents into structured, usable data that can move directly into agency workflows.
Benefits include:
- Saves time: Automates data capture from Policy Declarations and supporting insurance documents, reducing the need for manual review and rekeying.
- Improves accuracy: Intelligent extraction supports cleaner, more consistent data and helps minimize the errors associated with manual entry.
- Reduces costs: Less rekeying, fewer corrections, and lower rework help agencies reduce operational expense and limit avoidable E&O risk.
- Increases productivity: Frees agency teams from repetitive administrative tasks so they can focus on client service, account management, and revenue-generating activity.
- Enhances the client experience: Faster processing and more accurate information help agencies respond with greater speed, confidence, and professionalism.
Integrations
Certifications & Awards
Certifications:
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SOC 2 Type II
Awards:
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LMF Market People Awards: Technology/Innovation Supplier of the Year
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PropertyCasualty360 Insurance Luminaries: Technology Innovation
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Forbes 50
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ABS Innovation Olympics: Gold Medal
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InsTech London: 40 Companies to Watch