Case Study: a major European insurer achieves faster, decision-ready underwriting dossiers with Parashift AI

Large European Insurers cut manual first-pass capture by 90% with Parashift

The customer, a group of large European insurers, faced a challenge in processing multi-document application dossiers for underwriting. Manually separating and capturing data from forms, health questionnaires, and financial reports was a time-consuming process that delayed risk assessment. They implemented Parashift's AI-powered document processing solution to automate this initial capture.

The solution from Parashift automatically separates, classifies, and extracts data from every document in an underwriting dossier. This provides a complete, structured file ready for the underwriter's review. As a result, Parashift enabled a 90% reduction in manual first-pass capture work per application dossier and allowed for a productive pilot to be launched within just one day.

Large European Insurers