This NewYork based proptech company helps customers manage insurance compliance for 50,000+ apartments. Their operations team would manually examine ACORD forms for limits on general, automobile, garage, and umbrella liability. Each application would take 30 minutes to process.
Get 10x efficient at handling claims documents such as invoices, bills, travel vouchers & other docs
End-to-end digitize your process with APIs to classify docs, extract key points, and validate data
Make smarter, better underwriting decisions with accurate data
With Docsumo we are now able to process thousands of ACORD Forms in a day
“We were looking for a tech partner to automate analysis of certificates of insurance for our real estate liability management software. We are really happy with Docsumo’s APIs and their team’s dedication to solving our problem. We are now able to process thousands of ACORD forms a day automatically while being able to get accurate analytics from over 100 data points”
Co-founder & CTO, Jones
Docsumo - A scalable solution for all insurance types, documents, layouts, and workflows
Docsumo's intelligent document processing helps extract, interpret, classify and analyze unstructured data in policies, quotes, submissions, applications, and endorsements - for all insurance types.
Enables commercial insurance carriers and brokers to extract, classify, and validate unstructured data in ACORD forms, policies, submission emails, quotes, binders, and more.
Commercial Insurance Application - ACORD 125
Commercial General Liability - ACORD 126
Business Auto - ACORD 127
Workers Compensation - ACORD 130
Business Owners Section - ACORD 160
Enhance customer experience by automating claims workflows, eliminating document fraud, and ensuring data compliance for all insurance types:
- Life Insurance
- Medical Insurance
- Travel Insurance
- Liability Insurance
- Vehicle Insurance
Identity/address proof, social security number, term plan agreements
Birth certificate, bank statements, income statements, pharmacy bills, indoor case documentation, explanation of benefits
Trip tickets, loss of passport documents, claims forms
General liability certificates, business registration documents, certificate of insurance
Vehicle insurance policies, repair bills, FIR reports, proof of receipts, cash release statements
Enables straight through processing for carriers and underwriters
Ingest submissions from emails directly
Prioritize risks that are most likely to convert
Extract data not just on quotes, but from all submissions
Analyze insightful data for accurate quotes
Enables insurance brokers to automate repetitive, high-volume, and error-prone processes.
Policy checking and verification
Compare a policy to a submission or quote automatically
Identify and resolve errors/omissions in submissions
Compare multiple quotes, pricing, coverages, terms and conditions in seconds
Automatically know the claims history of a risk to price a policy properly
Extract data out of unstructured documents with complex, repeating sections
Categorize tabular data and calculate ratios for decision making
Read loss descriptions to know cause of loss
Capture accurate data about each damage claim in seconds
Parse data such incidents, policies, loss location
Flag inaccuracies or incomplete claims
Validate claims for via custom validation rules
Automate your insurance data - Minimal effort. Maximum efficiency.
Send vast amounts of data through readymade APIs
Get started with pre-trained APIs for insurance data
Be it ACORD forms, IRS tax forms, bank statements, or other insurance documents - get started instantly with our pre-trained APIs for pre-defined fields like customer name, certificate number, company name and more.
Train custom ML models on your insurance data set
Didn't find the API for your insurance document? Create your own by training on your data with as little as 50 documents. Compare models at a field level for accuracy, precision, recall value and F1 score.
Extract accurate data to minimize your risk
Get granular data with your eyes closed
Extract granular data such as personal/business information, types of coverage, exclusions, endorsements, assets, liability, etc. with 99%+ accuracy. Result? Cleaner data, minimal risk.
Set up validation rules and field-level confidence thresholds
Unsure of the extracted data? Validate it with excel-like formulae. Or, set field-level confidence scores for your QA teams to validate.
5 Reasons to get the Docsumo Advantage Now!
Reduce turnaround time for document processing from days and months to seconds
Increase efficiency by 10X even as you process 10k+ documents a month
Reduce manual and repetitive errors with intelligent automation and get accurate data from documents
Algorithms that self-learn based on new document formats and on the go or from manual corrections
Make rapid decisions with easy validation and granular analytics
Process claims faster with intelligent data processing
Automate your claims processing with human-in-the-loop
Spotting errors with deductibles, premiums, exclusions manually isn't easy. But, with Docsumo, get 95%+ touchless processing with a combination of automated processing and human-in-the-loop for better results.
Make decisions faster with all-round data
Get data from claim loss forms, damage estimates, physician statements, medical reports, etc. Calculate ratios in the output for faster claims-related decisions.
Readymade integrations with zero hassles
Post process data with handy integrations like Guidewire
Forget the hassle of organizing, uploading and downloading data. Docsumo lets you send data to software such as Guidewire, Majesco, Duck Creek, Insuresoft, etc. for seamless post processing.
Get extracted data in Excel or JSON
Extract key insurance data from multiple sources and save it in electronic formats such as CSV, JSON, XML. Or, share it over email to agents and underwriters for reviews and faster approvals.
Learn how Jones extracted unstructured data from ACORD forms in <8 seconds
Docsumo’s pre-trained APIs helped ingest ACORD forms easily. Our rule-based validation engine applied contextual data validation on extracted data, which was later integrated with client's software.
Ready to transform your supply chain data processing?
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately.
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