ACORD Solutions Group is working with Lloyd’s managing agent AEGIS London on its data-driven operations and digitalisation initiatives through the implementation of ACORD Transcriber, a document processing solution that enables data extraction from ACORD Forms and other insurance documents.

By adopting ACORD Transcriber for ACORD Forms and non-standard documents on one of its OPAL products, AEGIS London will be able to reduce manual processing, improve data accuracy at the point of capture, and enable more scalable, digital workflows across underwriting and downstream processes.

ACORD Transcriber will enhance AEGIS London’s ability to extract, standardise, and use insurance data from ACORD Forms and other insurance application forms uploaded to its OPAL platform.

Tom Squires, AEGIS London head of distribution and digital trading, said: “Digitalisation, data and AI are key strategic priorities for AEGIS London, supporting our ambition to continue delivering underwriting excellence through market cycles and in a rapidly evolving technology environment. The implementation of ACORD Transcriber is one of a number of digital initiatives and innovations we are advancing to drive efficiency and position the business for the future.”