IntellectAI is the Insurtech branch of the multi-billion-dollar Intellect Design Arena. For insurance, they have developed an AI-enabled, end-to-end commercial underwriting ecosystem.
The IntellectAI suite comprises of three core products – Magic Submission, Risk Analyst and Xponent, all of which utilise a variety of Large Language Models (LLMs), depending on the client’s specific use case, and can integrate seamlessly with clients’ existing systems via APIs:
- Magic Submission employs AI, ML, and NLP to automate submission intake, increasing the efficiency of the submission handling process by over 70%.
- Risk Analyst is a data aggregation platform, enhanced with Generative AI to optimise underwriting decision-making.
- Xponent utilises AI and Big Data to streamline underwriting effectiveness.
As with all products in the IntellectAI suite, Magic Submission has been developed with adaptability at the forefront and can integrate seamlessly with clients’ existing systems via API plug-ins. Download available using the form below.
Using the Altus Insurance Capability Framework, we have mapped IntellectAI’s suite of products to our Insurance reference model, across more than 1,300 capabilities. Here, we summarise the core capabilities of the IntellectAI Insurance suite within the model.
Find out more and read an overview of each of the products, by downloading the IntellectAI Snapshots, or get in contact with the Altus Insurance team.
