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Best AI Document Processing Agent for Insurance Firms Handling Market Reform Contracts and SOV Schedules

Published: December 9, 2025

Executive Summary

We analyzed 5 solutions. Top Recommendation: V7 Go, Insurance Slips, MRC & SOV Analysis Agents by V7 Labs scored highest.

5 Companies Listed
1

V7 Go, Insurance Slips, MRC & SOV Analysis Agents

v7labs.com/automations/ai-insurance-doc-ingestion

Agentic insurance document processing platform that uses AI agents to read broker slips, Market Reform Contracts and Statements of Values, extracting underwriting data, validating coverage terms and enriching risk attributes for commercial property portfolios.

Key Features:

  • Automations for insurance slips and Market Reform Contracts that extract key underwriting data, standardize formats and validate submissions.
  • SOV-specific automations that ingest Statements of Values in any spreadsheet layout, mapping broker columns to carrier schemas and enriching locations with geocoding and risk attributes.
  • Configurable AI agents tailored to document types such as policy schedules, binders and reinsurance agreements, chainable into end-to-end workflows.
  • Workflow builder for routing documents, reviewing low-confidence fields and exporting structured outputs to rating, pricing and policy systems.
  • Cloud-native platform marketed for slips, MRCs, SOV schedules and policy schedule analysis.
2

ACORD Transcriber, MRC & SOV Intelligent Document Processing

acordsolutions.com/solutions/transcriber

Insurance-specific intelligent document processing platform that turns submissions, Market Reform Contracts (MRCs), Schedules/Statements of Values (SOVs) and other insurance documents into structured digital data for underwriting and downstream systems at scale.

Key Features:

  • Pre-trained, insurance-specific AI/ML models that extract data from submissions, MRCs, schedules of values, declaration pages and other unstructured formats.
  • Automatic extraction and population of key fields into downstream systems to enable straight-through processing for intake and submission clearance.
  • Support for complex London Market documents such as Market Reform Contracts with models tuned to extract more than 150 data points for placing and underwriting workflows.
  • Dedicated support for SOVs and schedules, converting broker spreadsheets into normalized risk data with confidence scores and audit trails.
  • Deployment options including self-service portal or API integration to embed Transcriber into submission, placing and policy platforms.
3

AI-powered insurance document intake solution including a Guidewire Marketplace app that ingests ACORDs, supplemental forms, loss runs, SOVs and quotation slips, converting them into structured data for underwriting and policy systems.

Key Features:

  • Automated intake for ACORD forms, supplemental applications, loss runs, SOVs and quotation slips.
  • High-accuracy extraction from structured and unstructured documents including Excel, PDF, Word and images.
  • Native Guidewire app routing extracted data directly into policy and claims workflows.
  • Configurable validation rules to check completeness and accuracy of SOVs and submission data.
  • Supports multiple lines such as commercial property, auto and workers’ comp.
4

Indico Data, Submission Ingestion & SOV Triage Agents

indicodata.ai/platform/submissions-ingestion/

Agentic decisioning and intelligent intake platform that automates extraction of critical data points from broker submissions, SOV schedules and loss runs in seconds and feeds them directly into underwriting workflows.

Key Features:

  • Submission ingestion that automates intake of emails, attachments, schedules and loss runs, extracting more than 50 data points for underwriting clearance.
  • Embedded enrichment agents that classify, score and enrich submissions in real time, surfacing next-best-action recommendations.
  • SOV and loss-run triage demonstrated in production deployments, reducing processing time from hours to seconds.
  • Out-of-the-box insurance AI models plus low-code tools for extending extraction logic without heavy data-science effort.
  • Focus on underwriting productivity with actionable insights to improve speed to quote and hit ratios.
5

Roots.ai, Schedules & SOV Processing Agent

roots.ai/platform/ai-agent/insurance/sov-processing

Specialized AI agent for insurance schedules and Statements of Values that extracts location-level property details such as construction, values and number of stories to reduce manual spreadsheet work.

Key Features:

  • Extracts key schedule fields such as location, construction type, building value and number of stories from large spreadsheets.
  • Supports multiple schedule types including property SOVs, employee benefits schedules and vehicle lists.
  • Validation logic to detect missing values and inconsistencies in SOVs before pricing or catastrophe modelling.
  • API-first architecture enabling extracted SOV data to feed rating engines, catastrophe models and data warehouses.
  • Part of a broader library of insurance-specific AI agents.