Intellect Risk Analyst is an AI and ML based solution that enriches structured and unstructured data to helps commercial insurance companies unearth 360° intel on any entity.
Provides valuable insights and alerts about your submission data from both internal and external sources including financial and operations, competitors, legal filings, industry and associations. All through preexisting APIs.
Find relevant insurance details about properties and businesses across various business lines like Workers Compensation, Commercial Auto, Commercial Property, General Liability and BOP and get relevant alerts for a given location.
Gather social intelligence
using big data; get a
comprehensive picture of
a person’s profile and
relevant alerts based
on analysis of key
Intellect Risk Analyst provides over 3000+ elements with underlying entities & cognitive libraries to create your own user journeys for data within your commercial underwriting process. Furthermore, it reduces decision-time by over 60% and increases decision accuracy for large volumes of big data.
As our solution is purpose-built for the commercial insurance sector, our data connectors span across multiple lines of business to support commercial underwriting operations.
These include, Workers Comp, Auto Insurance,Liability Insurance, Property Insurance, Crime Insurance, Specialty Insurance, BOP Insurance, Inland Marine Insurance, and more.
Intellect’s Risk Analyst uses various AI techniques for data cleansing and normalization. Its proprietary Trust and Consensus algorithm triangulates data and ensures that customers always have accurate data.
Our ‘data triangulation’ process also provides algorithmic checks to identify the element of truth.
Intellect’s APIs ensure that you work in real time on customer’s entities. With fast turnaround times, Intellect Risk Analyst makes the most accurate data available at the right time to make the most informed decisions as efficiently as possible.
Captured below are improvements and benefits experienced by commercial insurance companies within the core of their underwriting process.
60% reduction in time to underwriter decisions
One week to roll out new data connectors
Predictive models to determine key predictors of premium/loss
Few hours to less than three days to roll out dynamic data packages
27% enrichment of risk data accuracy and footprint of broker submissions
Scalable to any data source and any data type
Intellect’s Risk Analyst is built to robustly support the underwriting process for multiple lines of business, including:
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