Learn how NeuralMetrics leverages artificial intelligence to tackle the small data problem in commercial underwriting. Our AI-driven solutions provide 93% classification accuracy for businesses listed online, even those with fewer than five employees.
Small and micro-businesses often lack comprehensive information, posing a challenge for accurate risk assessment.
NeuralMetrics has developed a groundbreaking solution, harnessing artificial intelligence, advanced analytics, and natural language processing to analyze data from public and third-party sources. Our technology achieves an impressive 93% classification accuracy for online businesses, including those with less than five employees. This innovation significantly enhances underwriting efficiency, expands underwriters’ capacity, and improves pricing precision.
With minimal information—a name and address, website, or corporate email ID—NeuralMetrics swiftly pinpoints business classification in just 6 seconds. It can also answer standard and customized risk questions in 12 seconds or less. This acceleration, driven by robust business classification, supports account-level underwriting.
Our data products are equipped with 450 out-of-the-box risk insights, backed by over 700 models, and more are continuously in development. At the core of NeuralMetrics’ solutions is a commitment to end-to-end data transparency. Underwriters can evaluate all data sources and benefit from built-in transparency and confidence scores for risk information sources. This allows insurers to effectively combine underwriting expertise with AI-enabled automation to verify exposure accuracy, comply with evolving data regulations, and safeguard policyholders’ interests.
For detailed information on how we empower insurers, MGAs, brokers, and agents to overcome the small data problem and enhance commercial underwriting performance, read our information sheet.