Example exit intent popup

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Extract insights from COI for accurate risk assessment

  • Read, interpret, and analyze data from insurance certificates to expedite audits and compliance.
  • Catch errors before they happen by automatically validating COI documents, regardless of their format.
  • Automate high-volume COI intake via APIs or emails and get the final output into business-ready formats without interfering with existing workflows.
No credit card required
Bank Statement Processing with AI
Problem statement

Manual Certificate of Insurance (COI) tracking procedures are time-consuming, tedious, and error-prone.

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Workflow optimization with Docsumo

See how it works

What docs do we handle?

General Liability Insurance Certificate
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Professional Liability Insurance Certificate
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Workers' Compensation Insurance Certificate
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Commercial Auto Insurance Certificate
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Health Insurance Certificate
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Property Insurance Certificate
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and many more..
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Jones is now processing thousands of ACORD Forms in a day

Challenge

Jones, a real estate liability solution provider, had a big problem - thousands of ACORD and lease forms in varying formats were flooding their operations team who manage insurance compliance. They urgently needed the data from these unstructured docs into their databases.

The Challenge

Manually extracting data was rough for the operations team. With no standard format, finding the right data was like searching for a needle in a haystack. It gave them whiplash trying to track fields across documents. Not to mention the mind-numbing work of scanning page after page. This manual grind couldn't scale with increasing volumes.

Solution
  • Scanned document images of ACORD forms using advanced OCR techniques like vectorization
  • Leveraged proprietary NLP models to classify and extract key-value pairs
  • Made intelligent predictions using contextual analysis algorithms
  • Validated extracted data against custom rules for 99% accuracy
  • Offered flexible APIs to deliver structured JSON output
Results

What once required tedious manual work, now happens automatically. Jones reduced time and costs by over 80% while boosting accuracy past 95%.

Processing U.S. Individual Income Tax Return Form
<8 sec
document processing time
95%
touchless processing using smart validation rules
95%
data accuracy
See how Docsumo can help your compliance teams
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Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form  to speak with an automation expert.
G2 & Capterra Ratings for Docsumo