USE CASE: 3RD-PARTY LEASE ABSTRACTION
Third-party abstraction providers handle hundreds of leases each month for property managers, REITs, and CRE firms, a process that demands accuracy, consistency, and speed. Kolena automates this process end-to-end, enabling your team to deliver rigorous, Realogic-style lease abstracts in minutes.
Insurance underwriters rely on loss run analysis to assess an applicant's claims history and determine their risk profile. But when historical loss data spans multiple carriers, formats, and years, the process becomes a time sink. Underwriters are dealing with:
2+ hours per lease
Different clients have varying requirements and output formats
Often outsourced or off-shored, adding delays and quality risks
When bids depend on turnaround times, every hour counts.
Kolena empowers abstraction teams to handle more clients, win more bids, and deliver faster without compromising precision.
Kolena’s AI agents are purpose-built for insurance workflows like loss run analysis, risk evaluation, and compliance reporting.
Precisely map every field, clause, and rule to your client’s unique template.
Simplify onboarding and let non-technical subject matter experts stay in control.
Automatically adapts to each client’s format and style, reducing setup time.
Generate structured abstracts ready for direct upload or downstream analysis.
"Kolena's AI platform saved our team about four hours per lease—nearly $100,000 in efficiency gains. It made analyzing key provisions and verifying terms across 58 leases fast and effortless. A tremendous time-saver."
Kristin Walker
Senior Vice President, Real Estate Counsel, Essential Properties Realty Trust
Empower your team with Kolena’s AI Agents for Lease Abstraction.