AI-based Document Automation for the Insurance Industry.
The only cloud-native Intelligent Document Processing solution ticking all the InfoSec and Compliance boxes while being at the forefront of AI development. Made for processing a wide range of claims documents.
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Every incoming Insurance-Document requires work.
Offload your work to Parashift Document AI.
Turning "First Notice of Loss" into "First Notice of Resolution"
Precision Risk Assessment at Scale
Customer Onboarding & KYC
Automated Policy Maintenance
The Intelligent Digital Mailroom
Medical Bill & Invoice Review
Quick setup. Fast results.
Get up and running quickly, with a smooth and fully compliant launch.
0%
of all all your use-cases
0%
reduction of Average Handling Time
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European Risk & Compliance ready
Unlocking the AI-Driven Insurance, One Stream after Another.
Transform your operations from legacy manual work to autonomous efficiency. Parashift orchestrates compliant, high-precision AI-automation across every department, allowing you to scale your digital transformation at your own pace
Parashift is an enterprise-grade Intelligent Document Automation patform that automates the separation, classification, and data extraction of multi-channel inputs ranging from emails to mobile scans.
When straight-through processing detects anomalies, Parashift triggers a secure human-in-the-loop workflow. Specialists use an ergonomic dashboard to swiftly resolve reconciliation breaks and manage counterparty queries, ensuring full auditability before finalization.
Seamlessly integrated with Insurance systems, Parashift automates complex reconciliation by anticipating transaction logic. It resolves intricate exceptions i.e. multi-reference matching
Following strict data verification, Parashift delivers a validated transaction record for seamless system entry. This automated handshake instantly refreshes master data, ensuring your compliance records and financial data stay perfectly aligned.
Highest Security & Compliance.
Product Security
Cloud-Infrastructure Security
Country Specific Zones
The Strategic Move to Parashift.
Parashift evolves your digital strategy to unlock intelligent automation across the entire financial value chain—bridging the gap between siloed operations and a fully unified insurance ecosystem.
Adopt GenAI Without the Compliance Hangover
Deploy audit-ready AI that satisfies strict regulations. We wrap advanced models in deterministic guardrails to ensure every decision is traceable and compliant.
Escape the PoC Purgatory. Operable in Days.
Bypass the "pilot trap" with pre-trained, production-grade infrastructure. Skip the complex build phase and launch operational automation immediately.
Don't Teach AI from Scratch. Inherit It.
Instantly access global intelligence via Neurosymbolic-AI. Achieve Day-1 performance that in-house prompted models simply cannot match.
Your Insurance System Deserves Better Data
Protect your backend from dirty data. Parashift acts as an intelligent firewall, ensuring only validated, structured payloads enter your Core Insurance System.
Stop Maintaining Code. Start Insuring.
Eliminate the maintenance debt of DIY solutions. Shift IT resources from patching custom scripts to building high-value financial products on a proven platform.
The End of 'Frankenstein' Workflows
Unify fractured operations on a single, sovereign stack. We bridge legacy archives with modern AI to deliver seamless, scalable workflows across all departments.
How SWICA is leveraging Parashift to automate Millions of documents.
Too laborintensive, too error-prone, too little scalability. The challenge: processing millions of incoming documents each year efficiently and securely – in an environment with high demands on data protection and quality.
Have a question? Check the answers.
We are happy to answer any question you might have. Just get in touch with us.
We treat data residency as a non-negotiable. Unlike generic GenAI wrappers that send data to opaque public clouds, Parashift operates on a secure, sovereign infrastructure designed for strict European and Swiss compliance (GDPR, BaFin/ FINMA-aligned, C5). Your data remains within your designated jurisdiction, ensuring that innovation never compromises regulatory security.
Yes, integration is designed to be "Low-Code" and non-intrusive. We don't require you to rip and replace your current stack. Parashift sits as an intelligent layer on top, connecting via robust REST APIs. We ingest documents, validate the data, automate human work and prepare decisions, and deliver a clean, structured payload (JSON/XML) directly into your Core Banking System or Archive, acting as a firewall against dirty data.
Because maintenance debt kills innovation. "Building" requires you to become an "OCR/AI vendor" —constantly updating parsers, managing operational and compliance risk, and patching integrations. Parashift offers a production-ready platform with a Neurosymbolic mesh of AI-Models giving you day-one accuracy and global intelligence that an isolated in-house model can never replicate.
At Parashift Generative AI is just one of a variety of AI model run in deterministic guardrails. In banking, "guessing" is unacceptable. We use GenAI for its cognitive understanding but enforce strict logical validation rules (validation by other models, mathematical checks, master data matching) on the output. If the data doesn't match, it is flagged for review—ensuring audit-ready precision without the risk of creative invention.
We provide a seamless safety net. When confidence scores dip below your defined threshold, the system automatically routes the transaction to our ergonomic "Validate" interface. Your team can quickly review and correct the exception. Crucially, the AI learns from every human interaction, preventing the same error from happening twice. This way, any BPO renders obsolete.
We are document-agnostic. While we naturally excel at Accounts Payable, our platform is widely used for high-complexity banking workflows like Mortgage Applications, KYC/Onboarding (Passports, ID cards), Trade Finance (Letters of Credit), and Authority Correspondence. You get one unified platform for every document type across the bank. Unlock the AI-Driven Bank, One Stream after Another.
Get to know Parashift and get your personal trial version.
Best for medium and large global enterprises. 14-day trial account and discovery call.
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