About the Company
A leading German insurance company offers a wide range of insurance solutions to individuals and businesses, covering areas such as health, life, property, and casualty insurance.
They focus on providing financial protection, effective risk management, and services designed to meet the specific needs of their clients. With a commitment to reliability and innovation, the company ensures security and peace of mind for its customers.
Challenge
The company reqired a reliable system to accurately classify insurance documents such as contracts, Passports / IDs, payslips, employment contracts, and insurance forms ensuring quick access and streamlined operations. The required language was German.
Solution
Cognaize used purpose-built Artificial Intelligence to drive better decisions, and efficiency gained for the insurance industry. As an evolving solution, Cognaize deployed document classification model which utilized advanced AI to categorize insurance contracts accurately, reducing manual effort and increasing operational efficiency.
Results
Data Accuracy
Achieved 99.3% high precision in classifying insurance documents.
Time Reduction
Reduced the time required for manual document classification by 80%.
Documents Processed
Enabled the company to handle a larger volume of documents with ease racing up to 14500 pages classified monthly.
CLIENT ROI
99.3%
Accuracy
80%
Time Reduction
5x
Faster Document Classification
4x
Cheaper
14.5k
Document Pages
"Cognaize has completely transformed how we manage and classify our insurance documents. Their AI-driven solution ensured accurate categorization of complex documents like contracts, IDs, and insurance forms and operates seamlessly in German, meeting our specific requirements. This has significantly improved our operational efficiency, providing quick access to essential documents and enhancing our overall workflow. Cognaize has proven to be a reliable and invaluable partner in streamlining our processes.” —Chief Financial Officer, German Insurance Company
Check Out Other Case Studies
Leading financial service companies entrust Cognaize with their most sensitive and complex financial documents.
Vahe Andonians
CEO & Founder, Cognaize
“We have created the most advanced neuro-symbolic, agentic system to extract actionable intelligence from unstructured data.”
Cognaize uses purpose-built Artificial Intelligence to drive better decisions, new revenue streams, and efficiency gains for the financial industry. Our Hybrid Intelligence integrates human financial expertise with AI through advanced interfaces and workflows.