Insurants Response

Sharing some proven best practices

The capability exists today to address the challenge and perhaps unsurprisingly it’s not a single technology or technique but a suite built for commercial insurance that’s delivering the best results…

Developed in collaboration (and in production) with the largest commercial insurance companies over nearly 6 years, Insurants ‘reads’ Policies, Binders, Slips, Loss Runs, SOVs, Acord, Bordereaux etc to extract data and create insight and meaning. Trained on unrivalled volume and variety, it’s a portfolio of more than 1,500 algorithms and capabilities, used individually and in combination to support brokers, carriers, reinsurers and platform providers.

Data ‘unlocked’ from the original document is transformed to create insight and meaning using quality management techniques and business rules. Integrated with the client’s reference data and their own business rules, data is mapped to support the client’s specific processes and systems.

Insurants track record of exceptional business results is delivered in an operating model based on constant review of performance against client objectives for both individual documents and processes. This model delivers reliable outcomes, consistently and drives unparalleled trust and adoption from business and process owners.

Solutions are available by process (e.g. Submissions Processing, Policy Checking, Loss Run Analysis etc) or document type (Slips, Policies, Binders, SOVs, ACORD, Bordereaux etc), making it attractive to both enterprise use cases or specific document bottlenecks.

Solutions are accessible either via the Insurants Workbench tuned for specific processes and/or a suite of published APIs designed to integrate with UW platforms, rating engines, PAS, market systems or other ecosystem service providers.

To learn more about Insurants, visit www.insurants.ai.