Product Update
When we launched AccountAim Ingest, we had one goal: automate the commissions process within insurance by starting with the most manual part, extracting carrier statement data. Drop in a statement, in whatever format it arrives, and get back clean, structured data that’s ready to use.
Now we’re extending that same engine to a job that’s eaten far too many underwriter hours: pulling data off financial statements.
Underwriting for insurance and surety runs on the numbers buried in a submission. Balance sheets, income statements, cash flow, work-in-progress schedules, aging reports. Today someone has to open each one and key those figures into a spreadsheet or worksheet by hand before the actual underwriting can even begin. It’s slow, tedious, and risks errors in a process that pricing decisions rely on.
Ingest now takes care of this. Drop in a financial statement, in whatever format it arrives, and Ingest extracts the line items your underwriting process depends on, mapping them into the structured fields you actually work from. As always, the parsed totals are validated against the totals in the source document, so you know the extraction is verified before anyone touches it.
What this means for your team:
- Hours back per day: underwriters stop transcribing financials by hand and start with clean, structured data instead
- No more data entry errors: figures come straight off the source document and are checked against its own totals, so a credit decision never rides on a mistyped number
- More business per underwriter: less time on data entry means more capacity to write, and more attention on the strategic, judgment-heavy part of the job where underwriters add real value
Here’s a common use case. A surety submission comes with a full financial package attached, several statements and supporting schedules across different formats. In the past that meant an underwriter had to open each file and key figures into a worksheet before the analysis could start. This time Ingest pulls the numbers, confirms them against the source totals, and hands back structured data. The underwriter spends their time only on the risk, not the manual effort.
Want to see it with your own statements? Request a walkthrough or get started today.