Boston, MA – July 31, 2024 – Indico Data, the industry’s leading solution for accelerating critical intake workflows across the policy lifecycle, today announced its inclusion in the Gartner Hype Cycle for Property and Casualty (P&C) Insurance, 2024. The Hype Cycle highlights key technologies and trends poised to transform the insurance industry, providing valuable insights for P&C insurers to guide their strategic investments.
“We are honored to be included in the Gartner Hype Cycle for P&C Insurance,” said Tom Wilde, CEO of Indico. “This recognition underscores our commitment to delivering innovative solutions that empower insurers to streamline their workflows, improve operational efficiency, and enhance customer experiences.”
Indico’s inclusion in the Gartner Hype Cycle for P&C Insurance highlights its significant impact on the insurance industry, particularly in two key areas: Intelligent Document Processing for Insurance and P&C Digital Underwriting Platforms.
Gartner identified Indico as a Top Vendor in the P&C Digital Underwriting Platforms category, recognizing its contribution to work that “increase[s] underwriter productivity and support[s] faster onboarding by reducing human involvement in low-value tasks.” By automating data ingestion and analysis, Intelligent Document Processing vendors such as Indico empower underwriters to focus on complex decision-making, leading to “improved profitability by reducing deviations from underwriting guidelines.”
Gartner also identifies Indico as a Top Vendor in the Intelligent Document Processing for Insurance category, acknowledging the critical driver for IDP adoption: “Humans currently spend significant time deciphering and extracting information prior to performing their assessment task.” Indico’s AI-powered IDP solution directly addresses this challenge by automating data extraction from diverse document formats, freeing up underwriting and claims technicians to focus on decision-making and value-added tasks.
Indico Data’s Intelligent Intake solution empowers document-intensive industries to automate and streamline business-critical workflows, such as underwriting, claims, commercial lending, and revenue cycle management, through the power of artificial intelligence. Leveraging its proprietary enterprise Large Langue Model capabilities, Indico Data’s Intelligent Intake solution offers unmatched accuracy and efficiency to transform unstructured data into actionable insights that drive business divisions to improve productivity, enhance customer experience, and create cost savings.
Download the Gartner Hype Cycle for Property and Casualty Insurance, 2024 here.
About Indico Data
Indico Data automates critical workflows for enterprises in document-intensives industries, including insurance, financial services and commercial real estate. With the Indico Intelligent Intake™ Solution, organizations of all sizes can free their experts from tedious, manual tasks, and allow them to deliver more business value. Now, better intake yields better outcomes. Visit https://indicodata.ai to learn more.