DecSight by Canopy Connect Turns Dec Pages into Data
Canopy Connect, the leading insurance verification technology provider, today announced a major upgrade to DecSight™, a document processing solution for insurance documents. It accurately extracts key details from insurance documents from all insurance carriers in a consistent format, ready to send into the tools you use most.
Canopy Connect’s Journey to Document Parsing
Canopy Connect built the broadest network of insurance carrier integrations in the industry, covering more than 96% of the auto insurance market and 91% of the home insurance market. The technology structured and normalized data from insurance carriers into the industry’s leading Insurance Verification API standard.
“Our customers—insurance agencies and businesses that need to verify insurance—came to us with a clear need: the ability to take the insurance documents they commonly receive and reliably extract accurate, structured data,” said Tolga Tezel, founder and CEO of Canopy Connect. “We listened, and DecSight is our answer.”
The Problem with Document Parsing
Accuracy is critical when trying to make sense of important insurance data. And technology only saves you time when it does the job right the first time. Traditional optical character recognition (OCR) technology is error-prone because it relies on recognizing visual shapes and mapping them to characters. OCR struggles with ambiguity like distinguishing “O” vs. “0” in documents.
Sharing insurance documents only adds to the challenge. They’re sent in many forms—skewed images, semi-structured PDFs, and countless carrier-specific formats. In some cases, layouts even vary by state. All of this makes it harder to get clean, reliable data without the right tools.
Insurance Document Intelligence
So Canopy Connect developed DecSight. Enterprise-grade document processing with state-of-the-art structured data extraction. Its accuracy was increased by building the leading insurance document processing benchmark and honing it through processing tens of millions of insurance documents.
The result? The world’s highest accuracy insurance document processing system.
Knowing that reliability is paramount for businesses that collect insurance documents, Canopy Connect has built a system that ensures the correct data is extracted every time. DecSight intelligently routes each document through three core mechanisms:
- Template recognition. The technology has identified and mapped out the various formats used by insurance carriers, handling different policy types, regions, and document variants. This capability enables the platform to extract data fields reliably and quickly, ensuring speed, accuracy, and completeness.
- Semantic extraction. The system recognizes the underlying structure within tens of millions of PDFs to intelligently extract data fields without relying on optical character recognition (OCR).
- Image processing. A sophisticated image processing system transforms raw or blurry images of documents into reliable structured data.
That means you get the most accurate data extraction available, whether it’s from a declaration page, insurance card, or any insurance document, delivered in seconds.
How It Works
As an alternative to collecting verified information directly from an insurance carrier, clients can now simply upload their dec page into Canopy Connect. DecSight parses the document, converts it into structured data, and makes it accessible via the Canopy Connect dashboard, API, or any integrated platform used to access insurance information.
A More Flexible Intake and Verification Process
This enhancement introduces a new level of flexibility to the intake and verification process for multiple industries:
- For insurance agencies, it provides a major upgrade to the intake process.
- For lenders, servicers, car dealers, and car rental operators, it creates a much more flexible verification process.
- For insurance innovators and technology partners, it allows for the seamless integration of this functionality into existing applications or SDK implementations.
DecSight is available to all Canopy Connect customers. For a comprehensive look at how DecSight can streamline data intake and verification, interested parties are encouraged to schedule a demo.