Innovon Technologies today announced DocAI Loss Run, an AI-powered extraction solution that transforms Loss Run documents into structured, actionable insights. Using advanced computer vision and large language models, DocAI Loss Run accurately reads PDFs, Excel files, and images to capture critical fields including claim dates, incurred amounts, reserves, claim status, cause of loss, and payment details.

The solution streamlines information processing for insurers, MGAs, and brokers by eliminating manual data entry and reducing the risk of human error. With the ability to format extracted data into clean tables and structured outputs, DocAI Loss Run enables faster underwriting assessments and more precise decision-making during renewals and new submissions.

DocAI Loss Run can be used through a user-friendly interface or integrated directly into carrier systems through a robust API for seamless workflow compatibility. The automation delivers up to 90 percent time savings compared to traditional manual review, helping insurance teams handle high volumes efficiently.

By accelerating Loss Run processing and improving data quality, DocAI Loss Run enhances both operational speed and accuracy across P&C insurance workflows.

More information about Innovon’s AI automation solutions is available at https://innovon.ai/