AI ACORD Forms Extraction Agent

How Cassidy automates ACORD Forms Extraction using AI

Step 1: Trigger on new submission

The Workflow activates when a broker submission arrives—via email inbox, upload portal, or API—bundling ACORD PDFs, SOVs, loss runs, and supplemental documents into a single package.

Step 2: Classify and prepare documents

Cassidy detects and separates ACORD 125, 126, and 140 forms from other attachments, splitting multi-form PDFs and enhancing scan quality to improve extraction accuracy.

Step 3: Extract ACORD form data

The Agent pulls key fields from each form: applicant information, FEIN, NAICS/SIC, premises addresses, GL exposures and limits, property schedules, and COPE factors—attaching confidence scores and document provenance to each value.

Step 4: Normalize and reconcile

Cassidy maps extracted data to your canonical schema, standardizing addresses, validating identifiers, harmonizing limits and deductibles, and resolving conflicts between forms to create a single source of truth.

Step 5: Validate and enrich

Data quality checks confirm required fields, format validity, and cross-field logic. External enrichment adds geocoding, protection-class lookups, and NAICS validation where needed.

Step 6: Apply eligibility rules

Appetite and eligibility screens evaluate the submission against your underwriting criteria. Submissions meeting thresholds flow to rating; exceptions route to an intake queue with rule traces and suggested actions.

Step 7: Deliver structured output

Cassidy passes ACORD-normalized JSON/XML payloads to your Policy Admin system, prefilling quote screens and logging processing metrics, STP rates, and turnaround times for full auditability.