ACORD® 25 Certificate of Liability Insurance

Version: 2.0
Verified by ABBYY

The ACORD 25 Certificate of Liability Insurance skill extracts data from certificates of Liability Insurance from ACORD. A certificate of liability insurance is a one-page document that proves you have business liability insurance coverage and can meet the conditions of contracts that require it.

The ACORD 25 Certificate of Liability Insurance skill is a preview skill. It has been trained on a small document set and is intended to be used by citizen developers as a quick-start basis for automating the appraisal process to reduce manual effort and significantly improve the speed and quality of customer service. The skill may require further training on your specific documents before it can be used in production.

Benefits
  • Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
  • Preview document skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
  • The model automatically detects all fields on the ACORD 25 form and extracts relevant information (producer, insured, liability insurance policies etc.). For a full list of extracted fields, please see the skill documentation.
  • Includes validation and data normalization rules. Further business rules can be added as required.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.
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Contributor:
ABBYY
Published:
2 April 2024
Last updated:
2 October 2024
Purchase terms
Free
Specifications
English
United States
Preview