About Us
Our team leverages AI-powered data and insights to facilitate accurate, contextual commercial underwriting, and we enable market analysis for lead qualification and acquisition.
AI-Powered Data for Property/Casualty
Underwriting
Expertise
NeuralMetrics is a leader in providing valuable risk-quality insights — instantaneously and transparently from dynamic information sources. Both tier one and emerging P&C insurance organizations have implemented NeuralMetrics solutions, trusting us to deliver exceptional results.
Purpose
Empower underwriting teams who are underserved with data, so they can uncover valuable risk-assessment insights. By bolstering data-driven underwriting, we ensure commercial insurance organizations can evaluate risk effectively and offer insurance coverages at a fair price.
Mission
We enable fast, reliable risk-assessment solutions with transparent sourcing for all data. Our technology uncovers deep, actionable insights about exposures and ensures data-driven decision making for insured classification and underwriting.
Productivity
Clients validate the significant boost in efficiency our data solutions bring to underwriting processes. With our generative AI platform and large language models, insurers can further streamline underwriting operations and supercharge growth.
Reinforcing Commercial Underwriting and
Business Acquisition
Client Value
Engagements with four of the top ten U.S. commercial insurers
Surpassed 1M+ risk intelligence data requests
Global Team
60+ team of data scientists, engineers, and insurance professionals
120+ years of combined industry experience in the leadership team
Modern Solutions
Rich data engines to drive productivity, compliance, and cost savings
State-of-the art API-driven, cloud-first risk intelligence delivery platform
Values
Accountability
We take responsibility and ownership for our actions, behavior, and performance, fostering greater commitment and increased engagement.
Value-centricity
We adopt a consistent, proactive approach to creating superior value for insurance organizations, helping them drive profitability.
Trust
We believe transparency is essential in our business, not just with the data solutions we provide, but also with our team, partners, and clients.
Respect
We treat all team members fairly, encourage open communication, celebrate diversity, and build a culture of empowerment.
Excellence
We strive to continuously boost the effectiveness and reliability of the products and services delivered to our clients.
Frequently Asked Questions
How does the NeuralMetrics solution work?
The NeuralMetrics solution is powered by AI and utilizes public data to support commercial underwriters in risk assessment for writing new and renewal business. By analyzing structured and unstructured data, we classify businesses and provide real-time evaluations of risk quality.
What information do we need on a prospective business to use the platform?
To use our platform, insurers only need basic information such as the company name and address, email, or website. With this minimal input, insurers can obtain classification codes and in-depth risk insights about insurable businesses.
What type of insurance organizations use your underwriting data-delivery platform?
NeuralMetrics supports insurers, managing general agents (MGAs), and agents/brokers by providing them with validated, real-time commercial risk-assessment data for insurable businesses. Our platform empowers insurance organizations to refine risk selections and decisions, improve pricing/quoting accuracy, and enhance service to agents/brokers and policyholders.
Which insurers use your platform?
NeuralMetrics is trusted by a range of clients, including four of the top ten U.S. commercial lines insurers as well as emerging insurance organizations. Our platform is designed for insurers seeking to enhance underwriting productivity while consolidating their technology-driven operational transformation and digital enablement. NeuralMetrics risk-quality data offerings can help insurers effectively compete in today’s ever-changing insurance markets.
Can we use third-party databases to do what NeuralMetrics does?
While clients may have access to various databases for searching renewal and new businesses, it is crucial to consider the freshness of risk data and the time investment required from underwriters to update and work with static data. Working with on-demand data allows underwriters to better utilize their time for writing more business and building relationships. Additionally, NeuralMetrics offers more than just business classification; we provide valuable risk insights.
What does it mean that your solution is transparent?
Transparency is a fundamental principle of the real-time data provided by NeuralMetrics. Our data products offer complete visibility and confidence scoring for all classification and risk-assessment data sources. This ensures consistent regulatory compliance and fosters trust in the data-driven underwriting processes.
Related Content
5 AI Trends in Insurance Underwriting for 2024
Drawing on insights from interactions with insurers about underwriting operations, NeuralMetrics CEO Prakash Vasant highlights five AI trends poised to impact insurance in the coming year.
Meet the Insurtechs: NeuralMetrics
NeuralMetrics uses AI to evaluate the risk profile of businesses seeking insurance coverage — with an emphasis on producing transparent, real time risk evaluation insights from publicly available structured and unstructured data.
NeuralMetrics Offerings
In production today with multiple tier one property/casualty insurance organizations, NeuralMetrics engines deliver focused intelligence for risk evaluation — to facilitate accurate, transparent commercial lines underwriting.
Transforming Commercial Lines Underwriting with AI and Cognitive Technologies
In a roundtable dialogue, NeuralMetrics CEO Prakash Vasant and technical co-founder Marcus Daley discuss how property/casualty insurance organizations of all sizes can leverage AI to quickly classify and evaluate commercial risks, and price and quote policies with precision.
NeuralMetrics Named to Insurtech100 List
The 2023 Insurtech100 list acknowledges innovative companies providing solutions to address key challenges in the insurance industry. With NeuralMetrics, insurers and MGAs can access real-time risk-quality data — enabling underwriters to produce precise quotes and enhancing service to agents and policyholders.
NeuralMetrics Featured in Aite-Novarica Group Report
In a recent Aite-Novarica Group (ANG) report on “Insurtech for Insurers,” NeuralMetrics is featured among insurtechs which are noteworthy for their technology approaches or business models.
NeuralMetrics Partners with Duck Creek Technologies on Seamless Access to Commercial Lines Underwriting Information
Integrated solution prefills NAICS codes and risk-assessment data — enabling fast, accurate underwriting and quoting for property/casualty insurers.
NeuralMetrics Partners with Ivans to Boost Carrier-Agent Underwriting and Quoting Workflows with Proficient, AI-Driven Data
As the next partnership to come out of the Ivans Innovation Lab, it will help carriers to grow the number of in-appetite submissions while making it easier for agencies to get precise answers to risk evaluation questions and produce accurate quotes by providing just a company name or business email address.
NeuralMetrics and InsuranceGIG Empower Agents and Carriers with Underwriting Data
Using the NeuralMetrics platform, agents and carriers can classify businesses with just a company name and address, identify all the services provided, and understand the associated risks.
Instantaneously and transparently extract industry-compliant
risk-assessment intelligence from dynamic information sources.