Loadsure: near real-time insurance claim verification using Document AI and Gemini
Loadsure, a global insurtech firm based in London, built an AI-powered claims verification system to automate extraction and verification from bills of lading, invoices, and shipping documents. The solution uses Google Cloud Document AI for OCR, document classification, and per-document-type extractors, and Gemini for cases requiring deeper contextual comprehension. The company reports more than 95% extraction confidence and has expanded the approach to other insurance workflows such as underwriting and pricing.
- Organization
- Loadsure
- Industry
- Insurance
- Location
- United Kingdom
- Published
- November 2024
Reported outcomes
+95%
extraction confidenceOther quantified impact
Strategic outcomes
Primary read
Use case focus
Showing 3 of 3
- 1Document Processing
- 2Claims Automation
- 3Information Extraction
- Using Google Cloud's Document AI, Loadsure automated data extraction from claim documents and used different document extractors per document type.
- The team used the labeling tool and pre-trained processors to improve model quality and iterated with generative AI models for workflows where contextual understanding mattered.
- Gemini was used for more complex document processing and entity extraction cases with variable inputs.
- Claims processing time decreased from 30-60 minutes per claim to near real-time.
- Automation reduced human error and improved accuracy in claims processing.
- Customer satisfaction improved and the approach was expanded to other business workflows.
Architecture
Loadsure built an AI-powered claims verification workflow on Google Cloud using Document AI to extract and classify claim documents such as bills of lading, invoices, and shipping documents, with different extractors per document type. The team iterated with Document AI processors and labeling tools, and used Gemini for cases requiring more contextual document understanding and entity extraction.
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