ACORD Forms
Standardized insurance industry forms (applications, certificates, etc.) maintained by ACORD, used across carriers and agents to capture and exchange risk in.
FAQs
- What is the most common ACORD form?
- The ACORD certificate of insurance — the standardized proof-of-coverage document businesses routinely request from one another.
- Why are ACORD forms good for AI extraction?
- Their standardized structure makes parsing more reliable than free-form documents, so extraction tools are often tuned specifically for them.
Related Terms
Submission
The package an agent or broker sends carriers to request a quote on a commercial risk — applications, loss runs, and supporting documents.
Document Extraction (IDP)
Intelligent Document Processing (IDP) is AI that reads unstructured insurance documents
Loss Run
A loss run is a report from an insurer detailing a policyholder's claims history over a period
