The Forms: Extraction and Classification

In short

The artifacts insurance runs on — ACORD applications, declaration pages, loss runs, endorsements, schedules and carrier supplements — treated as engineering objects, with the structural quirks that make generic extraction fail on each of them.

3 pages

definitions

Statement of values: a spreadsheet pretending to be a policy documentAn SOV is a table whose columns were agreed between a broker and a carrier, not standardised by anyone. Settle the grain and the valuation basis first.definition6 min
The declarations page: the shortest document saying what was boughtThe dec page is an index, not a contract. It names the parties, the term, the limits and the forms attached, and a third of those fields have no standard shape at all.definition6 min
The loss run: what it is, and why its valuation date changes the answerA loss run is a snapshot of files that are still moving. Without the valuation date beside them, the numbers on it cannot be compared to anything, including a later copy of themselves.definition6 min

Other topics in Insurance & Claims

See all

Claims Intake, FNOL and TriageEverything between the loss happening and the file reaching the right queue: how notice arrives, what gets captured at first touch, and how a claim is scored, routed and clocked before an adjuster ever opens it.9 pages Claims Handling, Fraud Flags and RecoveryWhat happens after assignment: adjuster workload and diary, reserves and estimate review, fraud red flags and SIU referral, subrogation identification, and the payment and recovery steps that actually close a file.6 pages

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