Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- What?
Paperbox is a SaaS product for intelligent document processing in the insurance industry. By using our technology, insurance companies are cutting back lead times by 50%. The end customer is served faster and more accurately at a time when they are most vulnerable. Our customer, the insurance company, experiences better and more objective data analysis. Enabling data-driven decision making, optimized end product construction, and better pricing and risk management.
For who?
Typically used in the claims, underwriting and customer service functions of an insurance company, in the Property & Casualty (P&C) and Health business lines.
How?
Paperbox processes vast amounts of unstructured data - typically locked in documents, emails or pictures - with OCR and AI technology. It reads the document or email and assigns a label to it. Then, it captures the necessary information to convert it into an actionable item. These items are then sent back to the workflow management system or core insurance platform, such as Guidewire, Sapiens, Keylane etc.
We launched the company in 2021 and are based in Belgium. Check our team: https://bit.ly/3L6Aoxc.
Part of the Accenture FinTech Innovation Lab 2022.
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