Case Study: AXA Health reduces claims processing time and costs with Parashift AI

AXA Health automates claims processing with Parashift, saving 90% of manual capture time

AXA Health faced the challenge of processing a high volume of property and liability claims documents, such as FNOL notifications and repair estimates, which arrived in a wide variety of formats. This lack of a shared template required extensive manual data capture and validation against approved price lists, which tied up capacity and increased handling times. To address this, they turned to Parashift's Intelligent Document Processing (IDP) platform.

The solution from Parashift automatically processes thousands of documents daily, extracting key data like policy numbers and line items in a structured form and validating it. This integration has significantly reduced AXA Health's manual processing time and operating costs. The implementation resulted in a 90% reduction in manual capture time per claim and allowed the company to deploy a productive pilot in their claims department in just one day.

AXA Health