August 14, 2025
5 min read
Lauren Towner
Intellect Launches Purple Fabric Magic Loss Runs on AWS Marketplace AI Agents & Tools
Intellect Design Arena Ltd., a global leader in enterprise-grade financial technology, has announced the availability of Purple Fabric Magic Loss Runs in the new AI Agents and Tools category of AWS Marketplace. Built on Purple Fabric, this AI-powered, containerized solution enables customers to easily discover, purchase, and deploy automated extraction, validation, and processing of insurance loss run documents through their AWS accounts. This accelerates the development of agent and agentic workflows. Purple Fabric Magic Loss Runs helps insurance carriers, MGAs, and brokers speed up underwriting decisions by leveraging advanced AI to process loss run documents in any format. It extracts and validates critical claims data and delivers structured outputs with minimal manual intervention. Designed for speed, accuracy, and scalability, the solution eliminates manual data entry, reduces transcription errors, standardizes data across varied carrier formats, and enhances risk assessment with comprehensive claims insights. This ultimately reduces operational costs, improves processing time, and enables straight-through processing for routine renewals. The solution harnesses Large Language Models to extract data instantly with over 95% accuracy across all document formats, including handwritten notes, Excel sheets, images, and PDFs. Purple Fabric provides the intelligence, scalability, and trust necessary to embed AI meaningfully into enterprise processes.“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,” said Banesh Prabhu, CEO of IntellectAI. “With Purple Fabric at the core, this solution reflects our design-first approach to AI 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 AI-powered loss runs.”Purple Fabric Magic Loss Runs delivers key capabilities including cognitive extraction of structured and unstructured documents, claims data validation, data normalization, loss trend analysis, exception handling, and multi-format output via JSON, CSV, or APIs. These features enable customers to accelerate underwriting decisions with accurate, standardized claims data and actionable insights, eliminating manual errors, enhancing risk assessment, and reducing processing time at scale. The new AI Agents and Tools category in AWS Marketplace allows customers to significantly accelerate procurement processes, reducing vendor evaluation and negotiation time. Centralized purchasing through AWS accounts maintains visibility and control over licensing, payments, and access. Available as a container image, Purple Fabric Magic Loss Runs supports deployment on Amazon ECS, Amazon EKS, or any Docker-compatible environment. Customers can flexibly deploy across their AWS environment, configure processing via environment variables or AWS Systems Manager Parameter Store, and seamlessly integrate with document sources like S3 and downstream underwriting systems. To learn more about Purple Fabric Magic Loss Runs in AWS Marketplace, visit AWS Marketplace. For more on the new Agents and Tools category, see
Source: Fintech Finance on August 14, 2025.