Quantiphi, an AI-first digital engineering company, has been awarded a patent by the United States Patent and Trademark Office (USPTO) for a core capability within its intelligent document automation platform, Dociphi.
The patent—titled “System and Method for Data Extraction and Standardization Using AI-Based Workflow Automation”—covers a method that significantly improves the accuracy of data extraction from loss run reports, one of the most complex and variable document types in the property and casualty (P&C) insurance industry.
Solving the “Loss Run” Problem in Insurance
Loss run reports are notorious for inconsistent formatting, which has historically forced insurers into costly manual review and slowed underwriting decisions. Traditional automation systems also struggle due to the scarcity of standardized training data.
Dociphi’s patented approach combines generative AI and workflow automation to overcome these hurdles:
- Accurate data extraction from unstructured, highly variable loss run reports.
- Reduced reliance on manual labeling, making it viable even when training data is scarce.
- Processing and training time cut by up to 40%, according to Quantiphi.
“For too long, the sheer variety and complexity of loss run documents have been a major barrier to automation for P&C insurers,” said Arunima Gautam, Global Head of FSI Go-to-Market and Products at Quantiphi. “With this patent, Dociphi achieves radical improvements in extraction accuracy while reducing processing and training time. Our customers can accelerate underwriting, price risk more accurately, and sharpen their competitive edge.”
A Milestone in AI-First Document Automation
The patent underscores Quantiphi’s push to use generative AI for real-world business outcomes. Beyond insurance, the company sees potential for Dociphi’s extraction and standardization capabilities across financial services and other data-intensive industries.
“This milestone reinforces Quantiphi’s commitment to cutting-edge AI solutions that solve tangible business challenges,” said Bhaskar Kalita, Global Head of Financial Services and Insurance at Quantiphi. “Dociphi is helping clients modernize operations, unlock efficiency at scale, and achieve transformational outcomes.”
Why It Matters
The insurance industry has long grappled with legacy workflows, fragmented data, and manual processes that bottleneck growth. By automating loss run processing—a core input to underwriting—Quantiphi is targeting a high-value pain point that could streamline decision-making and reduce costs.
With Dociphi now protected by a U.S. patent, Quantiphi strengthens its position in the $6B+ intelligent document processing market, where vendors are racing to apply generative AI to insurance, banking, and healthcare.
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