Quantiphi, an award-winning AI-first digital engineering company, has been granted a patent by the United States Patent and Trademark Office (USPTO) for a key feature within Dociphi, Quantiphi’s generative AI-powered intelligent document management platform.

The patent, titled “System and Method for Data Extraction and Standardization Using AI-Based Workflow Automation” outlines a groundbreaking method for accurately extracting critical data from the highly variable, unstructured formats of loss run reports, making it useful in cases with training data scarcity and eliminating the need for manual data labeling.

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“For too long, the sheer variety and complexity of loss run documents have been a major barrier to automation for P&C insurers,” Quantiphi Global Head, FSI Go-to-Market and Products, Arunima Gautam said. “With this patent, Dociphi achieves radical improvements in extraction accuracy while reducing processing and training time by up to 40 per cent. This means our customers can now accelerate underwriting decisions, price risk more accurately and improve their competitive edge.”

“The granting of this patent is a milestone that reinforces Quantiphi’s commitment to delivering cutting-edge AI solutions that address real-world business challenges,” Quantiphi Global Head of Financial Services and Insurance Bhaskar Kalita said. “Dociphi exemplifies how we are helping clients modernize operations, unlock efficiency at scale and achieve transformational outcomes across the financial services ecosystem and beyond.”

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