Overview
The largest commercial insurance data store that combined structured sources, unstructured sources, IoT, Image and Video for real time use in area of the insurance value chain using machine learning.
Key Features
1) 1800+ connectors
2) Triangulation - use multiple sources to validate the values of every single element using different machine learning algorithms
3) Real time Big Data - get every single element in real time no matter the number of queries
4) Support for multiple lines of business - Property, Liability, Workers Compensation and Commercial Auto
5) Extract risk signals from unstructured text, image and video using multiple machine learning techniques
Key Benefits
1) Data Validation -identify upto 25% error rate on broker submitted business in real time
2) Proactive Marketing - target the best businesses within your underwriting appetite by ZIP and SIC codes before even broker send you the business
3) Identify new underwriting and rating factors to sharpen pricing (benefits range upto 4-5% of rating leakage)
4) Reduce time searching, aggregating and validating data - benefits range upto 70% of underwriting time