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What is Parascript?

Parascript software streamlines the processing of mortgage and loan documents, enhancing both speed and precision while also automating tasks related to insurance documents, facilitating the intake and analysis of healthcare insurance information. This automation of document processing significantly boosts efficiency, improves data accuracy, and lowers operational costs. Driven by advanced data science and machine learning, Parascript adapts and optimizes itself for a variety of document-centric tasks, including classification, separation, and data entry for financial transactions. Furthermore, this innovative software handles an impressive volume, processing over 100 billion documents annually across sectors such as banking, government, and insurance. Its capabilities not only transform workflows but also redefine how organizations manage large-scale document operations.

What is Bevaya?

Bevaya is an insurance-focused AI agent platform designed to automate document-heavy workflows across underwriting, claims, and policy servicing. The system sits on top of existing insurance software and uses specialized agents to interpret documents, extract data, analyze information, recommend actions, and push results into operational systems. Underwriting capabilities include submission intake, loss run processing, policy comparisons, and automated extraction from ACORD forms, supplemental applications, and other submission documents. Claims capabilities include FNOL and FROI setup, claim indexing, document routing, summaries, and preparation of materials such as legal demands and medical bills for adjusters. Policy servicing workflows can automate certificate of insurance generation, endorsements, premium audits, policy verification, and other recurring service requests. Bevaya also provides document intelligence for classifying and structuring unstructured insurance content before it moves into downstream workflows. Its AI is powered by InsurGPT, which the company says has been trained on more than 300 million insurance documents and deployed across more than 120 production workflows. Human-in-the-loop controls allow insurance teams to review decisions, exceptions, and recommendations before sensitive actions are finalized. Grounded explainability and responsible AI features are designed to help organizations understand how outputs were produced and maintain governance over automated processes. Workflow Canvas, integrations, implementation services, and an AI agent library help teams configure and deploy use cases without replacing their existing core platforms. Bevaya is designed for insurers, brokers, and TPAs that want to use AI agents to reduce manual work, increase processing speed, improve consistency, and modernize insurance operations.

Media

Media

Integrations Supported

ARGO

Integrations Supported

Guidewire
Guidewire ClaimCenter

API Availability

Has API

API Availability

Has API

Pricing Information

Available Upon Request

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Parascript

Date Founded

1996

Company Location

United States

Company Website

www.parascript.com

Company Facts

Organization Name

Bevaya

Date Founded

2018

Company Location

United States

Company Website

www.bevaya.ai/

Categories and Features

AI Insurance

Not specified

Claims Processing

Forms Management

Data Entry

Abbreviation Detection
Data Capture and Transfer
Data Cleansing
Data Entry Verification

Data Extraction

Document Extraction
Image Extraction

Robotic Process Automation (RPA)

Attended Automation
Image Recognition
Optical Character Recognition
Unattended Automation

Categories and Features

AI Insurance

Not specified

Insurance

Not specified

P&C Insurance

Claims Management
Document Management
Policy Management
Quote Management
Underwriting Management

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