Intellect Design Arena Announces Purple Fabric Magic Loss Runs Availability

Disclaimer This is an AI-assisted live blog with updates sourced from multiple news outlets and agencies Disclaimer

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Intellect Design Arena Ltd announced the availability of Purple Fabric Magic Loss Runs in the new AI Agents and Tools category of AWS Marketplace. Built on Purple Fabric, customers can now use AWS Marketplace to easily discover, buy, and deploy AI agents solutions, including Intellect's AI-powered, containerised solution for automating the extraction, validation, and processing of insurance loss run documents, using their AWS accounts, accelerating agent and agentic workflow development.

With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralised purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.

Purple Fabric Magic Loss Runs helps carriers, MGAs, and brokers accelerate underwriting decisions by leveraging advanced AI to process loss run documents in any format, extract and validate critical claims data, and deliver structured outputs with minimal manual intervention. The solution is designed for speed, accuracy, and scalability. It eliminates manual data entry, reduces transcription errors, standardises data across varied carrier formats, and enhances risk assessment with comprehensive claims insights-ultimately reducing operational costs, improving processing time, and enabling straight-through processing for routine renewals. It enables customers to leverage the strength of Large Language Models to extract data from loss runs in an instant with greater than 95% accuracy across all document formats including handwritten, Excel, images, and PDFs. Purple Fabric provides the intelligence, scalability, and trust required to embed Al meaningfully into enterprise processes.

Banesh Prabhu, CEO of IntellectAI said, "By offering Purple Fabric Magic Loss Runs in AWS Marketplace we're providing customers with a streamlined way to access our no touch loss run extraction technology, helping them buy and deploy agent solutions faster and more efficiently. With Purple Fabric at the core, this solution reflects our design-first approach to Al deployment, where scalability, governance, and business impact are foundational. Our customers in the insurance industry are already using these capabilities to achieve up to 90% reduction in loss run processing time and 35% improved data accuracy, demonstrating the real-world value of Al-powered loss runs."

Purple Fabric Magic Loss Runs delivers essential capabilities including cognitive extraction of structured and unstructured documents, claims data validation, data normalisation, loss trend analysis, exception handling, and multi-format output via JSON, CSV, or APIs. These features enable customers to accelerate underwriting decisions with accurate, standardised claims data and actionable insights, eliminating manual errors, enhancing risk assessment, and reducing processing time at scale.

With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate