SortSpoke Partners with Veridion

TL;DR

Partnership Launched: SortSpoke integrates with Veridion's Match & Enrich API to eliminate the data gap between document processing and company enrichment
Unified Workflow: Extract data from submissions with SortSpoke, then instantly enrich with comprehensive firmographics from Veridion's 134+ million company database
Immediate Impact: Underwriters can process submissions faster while accessing real-time company profiles, industry classifications, and risk indicators
Human-in-the-Loop: AI-powered efficiency with expert oversight ensures 100% accuracy and complete underwriter control
No Coding Required: Seamless integration available immediately for existing SortSpoke customers
Global Coverage: Access to fresh, weekly-updated data across 250+ countries for both Canadian and US insurance markets

The Underwriting Data Bottleneck

Imagine trying to build a house with the foundation crew working completely separately from the framing team. The foundation gets poured, but then the framers have to start from scratch, measuring and planning as if the foundation work never happened.

This is exactly what happens in most underwriting workflows today. Document processing tools extract basic submission data, but then underwriters must manually research and validate company information using entirely separate systems. Critical time is lost. Errors creep in. The seamless flow from data extraction to risk assessment becomes a series of disconnected, manual steps.

SortSpoke and Veridion have partnered to eliminate this friction.

Today, we're announcing a direct integration that bridges the gap between AI-powered document processing and real-time company enrichment. For the first time, underwriters can move from submission intake to fully-enriched company profiles in a single, unified workflow.

Partnership Announcement: Bridging the Data Gap

SortSpoke's AI-powered document processing platform now integrates directly with Veridion's Match & Enrich API, creating the industry's first seamless submission-to-enrichment workflow. Available immediately for existing SortSpoke customers, this partnership transforms how underwriters access and utilize company data.

The vision is simple: Underwriters should focus on risk assessment and decision-making, not hunting for basic company information across multiple systems.

What Each Partner Brings to the Table

SortSpoke's Contribution: AI-Powered Document Intelligence

SortSpoke has established itself as the leader in human-in-the-loop document processing for insurance. Our platform combines machine learning and large language models to extract critical data from complex, unstructured submissions—without requiring templates or rigid formatting.

Key capabilities:

5X faster processing compared to manual extraction methods
100% accuracy through expert human validation and oversight
Complex document handling for submissions with multiple attachments, varying formats, and incomplete information
Explainable AI that ensures every extracted data point is traceable and auditable

Veridion's Contribution: Global Business Intelligence

Veridion delivers the world's most comprehensive business data platform, covering over 134 million operating companies across 250+ countries. Their Match & Enrich API transforms basic company identifiers into rich, actionable business profiles.

Key differentiators:

Unmatched coverage: 134+ million companies globally, ensuring underwriters have data for prospects across all markets
Fresh data: Weekly updates capture recent changes in company operations, leadership, revenue, and locations
AI-generated insights: Proprietary models create multi-code industry classifications and natural-language business descriptions
High match rates: Over 97% success rate in live use cases through advanced entity resolution

  
Partnership Impact
This integration eliminates the need for underwriters to manually research company information after data extraction, reducing submission processing time by an average of 40% while improving data accuracy and completeness.

How the Integration Works: A Unified Workflow

The SortSpoke-Veridion integration creates a seamless three-step process that transforms raw submissions into enriched, decision-ready profiles:

AI-Powered Data Extraction

SortSpoke's machine learning models extract key company identifiers and submission details from complex, unstructured documents. Human experts validate and refine the extracted data, ensuring 100% accuracy while maintaining explainability for compliance purposes.

What gets extracted: Company names (legal and commercial), addresses, phone numbers, industry descriptions, coverage requirements, and financial information.

Automatic Company Enrichment

Using the extracted company identifiers, Veridion's Match & Enrich API automatically retrieves comprehensive firmographic data, industry classifications, and business insights. The API requires only a company name and country to deliver a complete business profile.

What gets enriched: Employee count, estimated revenue, NAICS/SIC codes, business descriptions, geographic details, keywords, and geolocation coordinates.

Complete Profile Delivery

Underwriters receive a unified submission profile that combines extracted document data with enriched company intelligence. All information is presented in SortSpoke's familiar interface, with clear indicators of data sources and confidence levels.

Ready for decision: Underwriters can immediately begin risk assessment with complete company context, industry benchmarks, and geographic risk factors.

No coding required. The integration works automatically in the background, requiring no custom development or workflow changes from underwriting teams.

Key Benefits for Underwriters

Operational Efficiency: Speed Without Sacrifice

Accelerated submission processing becomes the new standard. Instead of spending time researching basic company information, underwriters can focus on risk evaluation and strategic decision-making. The integration typically reduces submission processing time by 40-60% while improving data completeness.

Reduced manual data entry eliminates transcription errors and ensures consistency across all submissions. When company information is automatically enriched and validated, underwriters can trust the data they're working with.

Streamlined policy binding happens naturally when underwriters have complete, accurate information from the start. Fewer follow-up questions, fewer delays, and smoother customer experiences result from having comprehensive company profiles immediately available.

Enhanced Decision-Making: Context and Confidence

Complete company profiles provide underwriters with the full context they need to assess risk appropriately. Employee counts and revenue estimates help determine if prospects fit within target risk appetites. Multi-code industry classifications enable precise risk tier assignments.

Real-time data accuracy ensures decisions are based on current, not stale, company information. Veridion's weekly data updates capture recent business changes, location additions, and operational shifts that could impact risk profiles.

Improved risk assessment capabilities emerge when underwriters have rich company context from the start. AI-generated business descriptions help identify potential exposures, while geolocation data enables consideration of regional risk factors.

Scalable Growth: Handle More, Maintain Quality

Increased submission volumes become manageable when the data enrichment process is automated. Underwriting teams can scale their operations without proportionally increasing manual research time.

Reduced operational costs result from eliminating duplicate data entry and research efforts. The efficiency gains compound over time as underwriters process more submissions with the same resources.

Quality consistency improves when all submissions receive the same level of comprehensive data enrichment. Manual research introduces variability in the depth and quality of company information gathered.

Industry Impact: Setting New Standards

The insurance industry has long accepted the trade-off between speed and thoroughness in underwriting. Fast processes often meant incomplete data. Thorough research meant slower turnaround times.

This partnership eliminates that trade-off.

By combining SortSpoke's document intelligence with Veridion's business data platform, underwriters gain both speed and completeness. The integration sets a new standard for what's possible in submission processing: comprehensive, accurate, and fast.

Current state: Fragmented tools requiring manual bridges between document processing and company research.

Future vision: Intelligent, integrated workflows where AI handles data gathering and enrichment while humans focus on analysis and decision-making.

Broader implications: As more carriers adopt integrated AI-powered workflows, customer expectations will shift toward faster quotes and decisions. The competitive advantage goes to those who can deliver both speed and accuracy.

Leadership Perspectives

Jasper Li, CEO of SortSpoke, sees the partnership as a natural evolution of AI-powered underwriting:

"Our customers have consistently told us that document processing is just the first step. They need the company intelligence to make smart risk decisions. By integrating with Veridion, we're delivering a complete solution that takes underwriters from submission receipt to enriched company profile in minutes, not hours."

Florin Tufan, CEO of Veridion, emphasizes the strategic importance of real-time data:

"At Veridion, we’re committed to delivering the most complete, accurate, and context-rich business data to power better decisions. This partnership with SortSpoke brings together two critical layers of insight—unstructured document intelligence and structured company data—giving underwriters a powerful new advantage in risk assessment and decision-making."

Implementation: Ready When You Are

Timeline and Availability

The SortSpoke-Veridion integration is available immediately for existing SortSpoke customers. Implementation typically requires 1-2 weeks for configuration and testing, with most customers seeing full benefits within 30 days.

Customers who can benefit the most from this include insurance carriers, MGAs, BPOs, and technology providers serving the Canadian and US commercial insurance markets.

The Future of Underwriting is Integrated

Unified workflows that combine document intelligence with real-time data enrichment represent the next evolution in underwriting technology.

Human-in-the-loop AI ensures that automation enhances rather than replaces underwriter expertise, maintaining control while dramatically improving efficiency.

Real-time enrichment provides underwriters with current, comprehensive company intelligence at the exact moment decisions need to be made.

The insurance industry is transforming rapidly, with AI and automation reshaping every aspect of operations. The most successful carriers and underwriting teams will be those who embrace integrated solutions that combine the best of human expertise with intelligent automation.

The SortSpoke-Veridion partnership delivers exactly that future, today.

Transform Your Underwriting Operations

Ready to eliminate the data gap between document processing and company enrichment? See how integrated AI-powered workflows can accelerate your submission processing while maintaining the accuracy and control your underwriters demand.

Schedule a demo to see the SortSpoke-Veridion integration in action.

About SortSpoke: SortSpoke is an AI-powered document processing platform that helps insurance carriers, MGAs, BPOs, and tech providers streamline submission intake, extract key data, and improve underwriting efficiency. Founded on the principle that AI should augment rather than replace human expertise, SortSpoke delivers 5X faster processing while maintaining 100% accuracy through human-in-the-loop validation.

About Veridion: Veridion creates comprehensive profiles and delivers actionable insights on any business with a digital footprint. Covering over 134 million companies across 250+ countries, Veridion's Match & Enrich API provides real-time firmographic data, industry classifications, and business intelligence that powers smarter underwriting decisions.