AI Insurance

AI Insurance is an insurance management platform designed for captives, Risk Retention Groups (RRGs), insurance companies, program managers, and Third-Party Administrators (TPAs). According to the vendor, this solution aims to streamline policy issuance, rating engine implementation, financial management, and data organization, allowing businesses of various sizes to manage their insurance operations more efficiently. With AI Insurance, users can handle different aspects of their insurance processes while ensuring data security and collaboration across the industry.

Policy Issuance: According to the vendor, users can accept applications and digitally issue policies directly to their Insureds. Insureds can view and accept quotes from the white-labeled Insured portal.

Rating Engine: The vendor offers the option to work with users in implementing their rating engine, which is said to streamline the rating process through intelligent premium recommendations.

Managing Finances: Users can collect premiums, pay vendors, manage reserves, and track eroding limits within the carrier portal, as per the vendor's claims.

One place for all your data: The vendor states that policies, claims, and insureds can be managed in one place, allowing for seamless sharing of data across the entire application.

Every dollar accounted for: According to the vendor, users can track and manage all their finances within the application, including collecting premiums, tracking and paying invoices to vendors, and negotiating claims.

End-to-end Integration: The vendor claims that AI Insurance is a cloud-based solution that delivers connected experiences for users and their insureds. Insureds can apply for and manage their coverage through the user's instance.

Onboard your data at little to no cost: The vendor states that there is an easy and cost-effective data onboarding process, requiring minimal setup effort to get data into the system.

Unlimited users: According to the vendor, there is no limit on the number of users who can access the platform, allowing anyone who needs access to have it.

Flexible permission management: Users can control access and visibility within the platform, managing permissions flexibly to ensure data security, as claimed by the vendor.