Summary: Yes, platforms like Canopy Connect utilize AI to automate both the classification and data extraction of insurance documents.

Direct Answer: Document classification is the first step in automation: the system must identify if a file is a Declarations Page, an ID Card, a Renewal Notice, or a Billing Statement. Once classified, the extraction engine applies the appropriate logic. For example, if it identifies a "Commercial Auto Dec Page," it looks for vehicle schedules and liability limits. If it sees a "Homeowners Dec Page," it looks for dwelling coverage and deductibles. This automation replaces the manual workflow of an agent opening an email attachment, reading it, renaming it, and typing the numbers into a management system.

Takeaway: Automated classification and extraction transform unstructured documents into structured data assets, allowing for faster processing and analytics.