Unstructured data & document handling burden

A huge share of insurance information lives in PDFs, TIFFs, emails and other unstructured formats, making ingestion and AI use disproportionately expensive.

Analysis:

Intelligent document processing for insurance — extracting structured data from policies, submissions, loss runs, and claims — is a massive, immediate opportunity. The industry runs on documents, and AI/LLMs are now good enough to parse them accurately. Companies like Indico Data and Chisel AI have early traction. This is foundational infrastructure.