Joined May 2024 | Last Updated August 2024
Insurants uses advanced AI and GenAI technologies to intelligently automate the extraction and processing of data from complex commercial insurance documents. With a library of over 1,000 algorithms, Insurants understands the nuances of the insurance industry, enabling efficient handling of various formats and layouts.
Features & Quick Stats
How Insurants Helps Independent Agents/Brokers: Insurants has revolutionized commercial insurance by eliminating friction in the process while maintaining the ability to offer personalized risk exchange and client service. In collaboration with Marsh McLennan, Insurants leverages a portfolio of over 1,000 algorithms to intelligently extract and process data from a vast array of commercial insurance documents, including policies, quotes, binders, and financial statements.
AI Capabilities: Insurants uses advanced AI and GenAI technologies to intelligently automate the extraction and processing of data from complex commercial insurance documents. With a library of over 1,000 algorithms, Insurants understands the nuances of the insurance industry, enabling efficient handling of various formats and layouts. This allows us to seamlessly integrate with existing systems, supporting brokers, carriers, and MGAs by enhancing operational processes without the need for disruptive transformations. Our solution accelerates workflows, improves policy governance, and delivers customized support across the insurance value chain.
Certifications/Awards: Insurtech Hartford Pitch Night 2024 “Most Innovative” Winner, Insurtech Hartford Pitch Night 2024 “Best Problem/Solution Fit” Winner, Selected for the UK InsurTech Global Business Innovation Programme
Key Features:
- Policy Comparison
- Policy Indexing
- Commercial Insurance Slips
- Regulatory Compliance
- Data Privacy
- Contextual Understanding
Website: insurants.com
Contact: [email protected]
Headquarters: London, UK
Number of Employees: 100
Area of Operations: USA & Canada
Partnerships: Marsh McLennan, Innovate UK, UK-Connecticut Insurtech Corridor
Exclusive Catalyit Deal: Yes – Pre-Document Training, Proof of Concept Implementation, Data Certification, AI/GenAI Prompt Building
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