Technology
We leverage AI assistants, machine learning, and large language models to help manage complex underwriting processes and extract industry-compliant risk-assessment intelligence instantaneously and transparently.
Solving The Small Data Problem,
Compounded by Process Constraints
Many insurable businesses have limited risk profile information available online. We help find all available exposure data with just a company address or website. And we apply adaptive AI assistants to streamline complex underwriting processes.
Managing intricate underwriting workflows while generating accurate risk-assessment intelligence from sparse data is challenging.
Extrapolating relationships from limited, unstructured data requires significant technological expertise.
Established data relationships must be further enhanced by appending industry classifications and publicly available structured data.
We derive actionable intelligence from small data by leveraging artificial intelligence, natural language processing, vectors, computational graphs, and other state-of-the-art technology, generating the necessary data relationships.
Harnessing AI to Resolve the Data Challenge
Input
Structured and unstructured data from dynamic public sources
Custom-developed web data extraction
Triangulation
Custom risk intelligence and industry classification algorithms
Insured profiles based on name and address inputs
Output
Answers to industry-specific risk questions
Insights into policy information, operations, revenue, licenses, permits, and more
Accurate industry classification
Delivery Mechanism
Links to all data sources of transparency and compliance Confidence scores
API for smart integration
Downloadable results
Dashboard View
Our Products
NeuralMetrics AI-powered prediction models and custom developed web data extraction capabilities generate real-time risk assessment insights to augment critical insurance workflows.Smart Adaptive Multifunctional Agent (SAMA) platform
Role-based AI assistants are efficient and experts in autonomous learning and self-correction — to fulfill underwriting tasks with unmatched efficiency and accuracy.
Intelligent, autonomous AI assistants can embody many task-oriented personas to bolster underwriting workflows seamlessly.
Persona-based AI assistant output is explanatory and transparent about data sources and reasoning processes, satisfying regulatory compliance and data integrity standards.
Industry Classification Module
Delivers highly accurate industry classification in seconds with just a business name and address/or email/or website.
Drive straight-through processing confidently with precise class codes based on reliable, publicly-sourced data.
Delight your customers by reducing eligibility questions to a fraction of what traditional submissions contain.
Risk Intelligence Module
Discovers and answers critical risk-evaluation questions quickly and transparently for diverse businesses and industries.
Put the right answers at your underwriters’ fingertips, so they don’t have to spend hours searching for dependable data.
Establish a consistent source of truth throughout your organization as the basis for underwriting decisions.
Market Data Module
Integrates vast amounts of verified and refined market data with your existing workflows for quicker, more informed decisions to boost efficiency and accuracy.
Explore the most fitting opportunities by targeting prospects directly, filtering the available market, and gaining insights into your competitors’ past and current positioning.
Leverage advanced machine learning algorithms and meticulous industry classification to build an in-appetite lead list curated to your ideal prospect criteria.
Frequently Asked Questions
What is the underlying technology used by NeuralMetrics?
NeuralMetrics leverages artificial intelligence, natural language processing, vectors, computational graphs, and other state-of-the-art technologies to derive actionable intelligence from small data. These technologies enable us to generate the necessary data relationships.
Is the NeuralMetrics solution a 'black box'?
No, our solution is not a ‘black box.’ We prioritize transparency in our platform. Underwriters have complete visibility into the data used to determine risk factors. They can examine risk assessment questions and review each information source in real-time, ensuring transparency throughout the risk-assessment process.
How does your platform access risk insights and industry classification?
Accessing risk insights and industry classification from our platform is simple and user-friendly. We provide a complete, real-time profile of the account in less than 15 seconds. Our intuitive web interface enables easy and instant access to critical risk insights. Additionally, our data engines can be seamlessly integrated into existing underwriting workbenches and core systems, ensuring a smooth and efficient implementation.
Can you customize your solution to meet a client's specific underwriting requirements?
Absolutely. We offer predefined risk qualification questions for specific business segments, which can be further tailored to align with the client’s risk appetite and unique insurer requirements. Customization does not necessarily result in high costs. If clients require specific answers to questions and the data is available, we can confidently deliver the requested information.
How does your technology address AI governance challenges?
Our technology addresses AI governance challenges by enhancing underwriters’ efficiency while providing the necessary information for accurate decision-making and coverage determination. Our platform enables insurers to demonstrate the specific data used in the underwriting process, addressing regulatory concerns. In case of pricing fairness concerns, insurers can quickly identify the information that influenced premium determination, ensuring there is no bias or unauthorized access to employee personal data.
Related Content
Edge of AI Podcast - Unlocking the Potential of AI in Insurance
Co-founder Marcus Daley discusses the potential and power of AI in providing accurate risk-quality insights without personal bias, and improving risk intelligence for commercial insurance underwriting.
Unleashing The Power of Generative AI to Boost Business Operations
Discover how generative AI is changing the insurance industry. AI expedites processes, improves risk assessment, and streamlines commercial underwriting, making it a pivotal advancement in the past year.
Generative AI in Insurance: Marcus Daley Commentary in Leader's Edge
In a roundtable article Marcus Daley, technical co-founder at NeuralMetrics, discusses the impact of generative AI on job roles. Learn how AI is enhancing problem-solving and efficiency in the insurance landscape.
NeuralMetrics delivers a 93 percent hit rate for businesses listed online,
including those with fewer than 5 employees