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Case Study

Document Classification Automation

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Leading German Insurance Company

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Challenge

A leading German insurance company needed 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 deployed a document classification model specifically designed for the insurance industry. This model utilizes 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.

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Client ROI

99.3%

Accuracy

80%

Time Reduction

5x

Faster Document Classification

4x

Cheaper

14,500

Document Pages

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Learn how we can help you with our platform

See how you can access unparalleled accuracy and speed in financial document processing for financial service firms.

Step 1: Start a Conversation

Please feel free to contact us regarding any inquiries or just to start a conversation.

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