Contract.fit

AI-powered intelligent document processing for insurance and financial services

Document Management Established Acquired

Overview

Contract.fit is an intelligent document processing (IDP) solutions provider for insurers, banks, and brokers. Founded in 2016 in Brussels, Belgium, the company automates document classification, data extraction, and data validation using AI, machine learning, NLP, and computer vision. Its platform targets document-heavy workflows common in European financial institutions, including claims, onboarding, and policy administration.

The platform -- now branded as Parble following a 2024 acquisition -- is a cloud-native SaaS solution that processes structured, semi-structured, and unstructured documents. It uses prompt-controlled generative AI to identify extraction fields from natural language descriptions, enabling new document type configuration in minutes rather than weeks. The system applies a human-in-the-loop validation layer for cases below confidence thresholds, supporting continuous model improvement.

In September 2024, Contract.fit was acquired by UK-listed Netcall plc (AIM:NET) for up to GBP 9.8M. The platform has processed over 14 million emails and documents in the 12 months preceding acquisition. Reported outcomes include 97% time savings and 80% document automation rates. Customers include Generali, Baloise, and Vanbreda Risk & Benefits.

Products & Services

Parble (formerly Contract.fit Intelligent Automation)

Parble is a cloud-native, GenAI-powered IDP platform for classifying, extracting, and validating data from insurance and financial documents. It handles structured, semi-structured, and unstructured formats including claims forms, invoices, receipts, bank statements, ID cards, and onboarding applications.

Key Features

Prompt-controlled GenAI for configuring new document types using natural language
Automated document classification by type (claims, invoices, IDs, receipts, etc.)
Human-in-the-loop validation layer for low-confidence extractions
Automated email categorization and routing to departments
Document splitting for multi-type submissions
Drag-and-drop wizard for deploying document flows

Target Users: Insurance carriers, banks, and brokers with high-volume document workflows

At a Glance

Founded: 2016
Headquarters: Brussels, Belgium
Employees: 11-50
Funding: Acquired

Category & Focus

Category: Document Management
Subcategories: Intelligent Document Processing OCR/AI Claims Automation Data Extraction
Insurance Verticals: P&C Commercial P&C Personal Specialty/E&S
Target Customers: Carriers, Brokers, MGAs/MGUs