Insurance companies are faced with a plethora of market, catastrophic and economic influencers that significantly impact combined ratios.
Underwriting is at the core of the insurance business, and requires
data-centric decisions to ensure the selection of the best-fit risks. The nuances between commercial and specialty lines require custom AI applications to provide the business agility and drive portfolio profitability. Ready-to-use Generative AI use cases are proven to increase underwriter effectiveness.
Designed by seasoned insurance professionals, we address the complete underwriting value chain, from automatic submission ingestion to data enrichment to quote and bind. Our solutions are powered by our extensive data platform with proprietary triangulation algorithms to derive insights from thousands of external and internal sources. Utilizing existing valued assets is critical to our design.
We take an “Underwriter first” approach to underwriting transformation. Our cloud native, embedded AI-driven, pre-built products can rapidly and dynamically change the digital transformation trajectory for Reinsurers, Wholesalers and MGAs.
Identify opportunities up-front that next fit your risk appetite.
Generative Ai assistance to improve underwriter effectiveness.
Speed to quote including flexibility for specialty coverages.
Our driving force is the customer’s customer. AI is the engine and cloud is the chassis of this force.
Leverage our prebuilt user journeys, underwriting capabilities, rules, API connectors and UI components to stitch your own signature solutions rapidly.
Cognitively process complex submissions, determine account & location level exposures, auto convert text to ISO & location NAICS, perform loss analysis and surface best-fit accounts.
Quickly harnesses bespoke large language models to create data-driven account/policy/risk summaries and underwriting documentation for underwriter productivity.
IntellectAI's Xponent (P&C underwriting) is identified as LEADER in IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment.
IntellectAI recognized as a Technology Innovation honoree in the 2023 PropertyCasualty360 Insurance Luminaries program, honoring companies and individuals modernizing and humanizing today's property and casualty insurance business.
IntellectAI named as one of Fintech Global's Insurtech100 - recognizing the world's more innovative insurtech companies.
IntellectAI's Magic Submission is featured as a prominent Intelligent Document Processing (IDP) Solution in Datos Insights' report titled 'Intelligent Document Processing: Ingestion Powered by AI'.
IntellectAI powered St. James's Place Wealth Management wins Celent’s ‘Model Wealth Manager’ award in the ‘Emerging Technologies’ category for ‘New Business Innovative’ initiative 2020.
Magic Submission, an IDX product, recognized by Celent in their Intelligent Automation in Wealth Management Report for its use of cognitive RPA at St. James’s Place.
Intellect wins #1 ranking in Retail Banking, #1 ranking in Transaction Banking and #1 in InsurTech for the second consecutive year.
Amerisure wins Celent Model Insurer Award 2022 in the Legacy and Ecosystem Transformation category for their underwriting transformation project using Intellect Xponent.
Intellect Risk Analyst was cited among leading Direct Data Platforms providing answers to specific questions from an individual insurer for use in underwriting or other processes.
Intellect Risk Analyst implementation at Liberty Mutual featured as a ‘Case Study in the Data and Analytics’ category by Novarica in their Annual Case Study.
Intellect SEEC was recognized as a ‘Full AI Suite Provider’ who can help carriers streamline their underwriting workflows.
Novarica rates Intellect SEEC’s IDX as an Intelligent Text Ingestion Solution for Advanced Underwriting with broad spectrum use, with AI and ML playing a crucial role at its function.
IntellectAI is a member of the Target Markets Program Administrators Association (TMPAA).
IntellectAI is a proud member of the WSIA (Wholesale & Specialty Insurance Association).
IntellectAI's implementation with Foresight Insurance is featured as a selected case study among midsize P/C insurer initiatives in Datos Insights’s (formerly Aite-Novarica Group) recent report, “Insurance Technology Impact Awards Case Study Compendium 2023: Data Initiatives”.
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