Case Study: Leading Insurance Company achieves $100M in projected savings with Indico Data Solutions

F50 Insurance company achieves 300% return on investment with Indico Data

Leading Insurance Company, a 152-year-old F50 insurer, had accumulated millions of pages of unstructured content across contracts, policy documents, claims submissions, emails, and other non-standard documents. After reaching the limits of its RPA-based automation efforts on structured data, the company turned to Indico Data Solutions and its Indico Unstructured Data Platform to tackle these complex document workflows.

Indico Data Solutions helped the insurer build custom machine learning models using about 200 examples, enabling the business to classify, extract, and validate information from unstructured documents with minimal manual effort. In one major Retirement & Income Solutions use case, the platform processed 134,000 documents in days, saved 5,400 hours, and delivered the results on time and on budget. Overall, the company projected nearly $100 million in hard-dollar savings and reported an 86% reduction in time spent on tasks.