Document Engineering | AI Data Extraction, Analysis, & Automation
AI for Commercial Insurance
Automated Data Extraction, Loss Run Analysis, Policy Comparison, SOV Parsing, and COI Management Software.
Streamline Loss Runs, Policies, and SOVs into Actionable Data
Docugami's AI-driven data extraction and analysis platform simplifies the handling of complex commercial insurance documents, enhancing efficiency and accuracy for brokers and carriers:
- Loss Run Analysis
- Schedule of Values (SOV) Parsing
- Policy Comparison
- Automated COI Management
Docugami extracts the data you need from chaotic, complex documents, automatically, connecting the data to your existing systems, bringing structure and order to your business.
The commercial insurance sector is inherently document-intensive, with critical data embedded in documents and ACORD forms: Loss Runs, Schedules of Values (SOVs), Endorsements, Certificates of Insurance (COIs), and Policies. Traditionally, extracting and processing this information has been a manual, error-prone, and time-consuming endeavor.
Docugami's AI-powered Document Engineering transforms this landscape by automating the extraction of essential data, thereby enhancing efficiency, accuracy, and strategic insight for both brokers and carriers.
Uses of Document AI in Commercial Insurance
Loss-Run Analysis
Extract and normalize claims history from diverse loss run documents to generate comprehensive summaries and identify trends, enhancing risk assessment and underwriting processes.
Policy Comparison
Compare expiring and proposed policies to identify differences in coverage, exclusions, and endorsements, facilitating informed renewal discussions and optimal client terms.
COI Management
Streamline the generation and tracking of Certificates of Insurance by extracting and validating critical data, triggering alerts for expirations or non-compliance.
SOV Parsing
Efficiently parse complex Schedules of Values to extract and standardize key data points, aiding underwriters in assessing property risks accurately.
Intelligent Document Processing
How Docugami Works
Docugami sorts your documents and generates abstracts, summaries, and reports automatically - no coding required.
- Process - Upload Your Documents
- Understand - Unlock and Analyze
- Create - Author and Conceptualize
- Connect - Automate and Visualize
See How Commercial Insurance Firms Are Automating and Scaling with Docugami's AI
CASE STUDY
Transforming Insurance Loss Run Risk Assessment
Using Docugami’s AI-powered Document Engineering, a leading insurance company significantly reduced the time required to generate insights from loss-run documents.
CASE STUDY
Efficiency Gain Generating COIs
A top-20 insurance company needed a better way to generate Certificates of Insurance (COIs) for its clientele. The company turned to Docugami to transform its documentation management processes.
CASE STUDY
Insurance Brokerage Simplifies Employee Benefit Policies
With Docugami's AI document engineering solutions, a commercial insurance brokerage was able to capture detailed coverage information from various policy documents to create comprehensive and reliable reports for their clients.
Docugami vs General LLMs
| General LLMs (e.g., ChatGPT, Claude, Gemini) | ||
|---|---|---|
| Trained on your proprietary documents only | ||
| Made for long-form documents | ||
| Represents unstructured text and tables in well-known formats for computer systems to use. | ||
| Produces a structured Knowledge Graph for downstream integration | ||
| Advanced layout handling, semantic labeling | ||
| Purpose-built for enterprise workflows and industry-specific tasks | ||
| Designed for high-volume, high-density document environments | ||
| Measurable accuracy and process transparency | ||
| Supports integrations with document repositories and downstream tools | ||
| Proven in insurance, life sciences, IT services, and more | ||
| Agentic reasoning tailored to document types and anomalies |
Docugami Integrates With Tools You Already Use
- SharePoint
- Word
- Excel
- Google Drive
- OneDrive
- Zapier
- Power Automate
- UI Path
- Box
- Dropbox
- Automation Anywhere
See Docugami in Action
Start analyzing, writing, and connecting your documents today.