Exdion Xtract

The Exdion XTRACT engine is the heart of our artificial intelligence-driven platform.

The Engine

Exdion XTRACT is powered by advanced machine learning algorithms and offers insurance brokers all they need to drive more revenue! 

 

The XTRACT system is a versatile and powerful platform that can process documents from over 2000 plus underwriting carriers, cutting across 3000+ templates. It handles 80 + lines of business as well!

 

The intelligent XTRACT engine is the only tool that can work with any document in the insurance policy lifecycle. It does so seamlessly, handling policies and carrier-specific forms like quotes or ISO's without missing a beat!

 

XTRACT can read both scanned and native PDF documents, can process embedded images, and work with a variety of other formats to include word documents, spreadsheets, and the like.

 

The XTRACT system can recognize coverages, compare quotes, extract exposures and compare them across a multitude of documents, identify “throw-in” coverages and exclusions.

Exdion Xtract platform
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Benefits

  • Saves time by effectively transforming a tedious manual workflow into a digital environment.

  • Delivers deeper customer engagement and faster conversions for brokers.

  • It allows high-quality, data-driven risk advice that the broker can now offer to clients.

  • Introduces data liquidity to the commercial insurance broker.

Partner with Exdion & be future ready

insurance policy checking software

The Platform

The platform breaks down a typical policy document to be able to intelligently retrieve information. The system has been trained over an exhaustive corpus of carrier document templates and proposals, seamlessly delivering 95% indirect passthrough - a first in the industry.

 

On-demand, the platform uses machine learning and fuzzy logic to deliver real-time data extraction. This process delivers a minimum accuracy of 95%. The system uses a unique image processing engine with neural network architectures and complex business rules to cut noise, making the outputs readily consumable.

 

The algorithms and solutioning were built by a team of insurance domain experts, each with more than 20 years of industry experience.

Client Testimonials - Decision Drivers

“Our operations teams were looking to improve efficiency in the policy checking process and we knew that it had to be done through technology. After reviewing multiple other technologies and solutions in the market, we chose ExdionPOD. We find that ExdionPOD is a reliable solution that can bring in tangible cost savings and efficiency improvements to our organization.”

Vikash Kaul
Chief Technology Officer at EPIC

“We were used to manually checking policies and with our rapid growth, we were concerned that we might be limiting ourselves. Policy checking is time consuming and can impact our teammates’ ability to invest time in our customers. We were searching for a technology solution to both free up our team and reduce the potential of errors and omissions.”   He explained that “After considering various options, Exdion Policy Check, was clearly the best solution due to the fast turn-around time, ease of use, time savings on the back end and the degree of accuracy that we demand. Now, our team can focus better on our clients and other custom-tailored solutions we offer to them.”

Jason Vandeberghe
Profit Center Leader at Brown & Brown of Michigan

“It was a fairly easy decision for us. Policy checking was always a heavy process that took a lot of time away from our quality control team. As an agency, we pride ourselves on our processes and place emphasis on delivering a superior customer experience. With ExdionPOD, we expect to significantly cut down the time taken to check policies and also extract costs savings and efficiency.”

Cody Mast
Commercial Operations Manager at Hummel

“We are very excited to work with the team at ExdionPOD.  We have been heavily investing in technology over the last four years. One of our key areas of focus is to automate but only where it makes sense, which for us is defined by enabling our team to more efficiently, effectively, and individually service our clients and customers. ExdionPOD makes perfect sense.  By using the platform, we will be able to re-allocate time away from manual document processing and into time spent enhancing our relationships with and properly advising our clients.  ExdionPOD enables us to continue to raise the standard for the high-quality services we provide.”

Judson Norton
Managing Principal at Erwin

“At Iroquois, our focus is on providing value to our member agencies. ExdionPOD is a powerful platform that significantly cuts down the time required to check policies. In the current context, this allows agencies to refocus their energies on client relationships and risk advisory roles.”

Charlie Venus
VP Middle market, and Specialty at Iroquois Group
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