Founded in 2018, AI Insurance is a cloud-based platform designed to automate and streamline insurance processes for small and midsize insurance companies, including Programs, Captives, RRGs, and TPAs. By replacing outdated systems and spreadsheets and supercharging with artificial intelligence(AI), AI Insurance offers an affordable, scalable, and efficient solution for managing everything from policy creation and management to claims processing.

Our platform enables insurance companies to operate at the speed and efficiency of top tech companies, even with fewer resources. With customizable access levels, AI Insurance ensures that every stakeholder can easily view and export the information they need to run their part of the business.

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Key features of AI Insurance

AI Insurance provides comprehensive features to streamline and enhance your insurance operations. Here’s a look at some of its key capabilities:

  • Rating engine & underwriting workbench: AI Insurance automates much of the underwriting process using its Rating Engine. It gathers data, such as the insured’s location, claims history, and overall risk profile, allowing the system to assess potential risks and determine the appropriate premiums for each applicant.

  • Indemnity prediction using AI: By leveraging AI, AI Insurance can analyze documents such as invoices and automatically extract useful information. It also scans your company’s policies to identify claims that may not be covered, helping you effectively manage risks.

  • Policy issuance & management: With AI Insurance, you can easily generate quotes based on answers to submission questions. These quotes can then be bound into policies depending on the agreements between carriers, brokers, and insured parties.

  • Claims management: AI Insurance allows you to digitize and automate claims management. Through the user-friendly dashboard, you can create, close, or delete incidents and claims seamlessly. You can also add important details such as whether the claim escalated into a lawsuit, if a payout was made, and who was involved. All information related to a specific claim is consolidated in one place, including the relevant policy details.

  • Financial tracking & audit control: AI Insurance automatically tracks and logs every action in your system. This provides a detailed audit trail, helping you monitor activities such as identifying who initiated payouts, the amounts involved, and the reasons behind them. This feature is useful for auditing purposes, ensuring transparency and accountability.

  • Applicant & broker portals: AI Insurance offers separate portals for different stakeholders—carriers, insured parties, and brokers—each with tailored access to relevant information. This ensures that users see only the data they need to perform their tasks.

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Why AI Insurance?

AI Insurance is a fully integrated SaaS solution designed to tackle the unique challenges insurance programs face. Here’s why it stands out:

  • Affordable: Perfectly suited for small and midsize programs, with transparent and predictable pricing.

  • Fast deployment: Launch in as little as 2 weeks, getting your system up and running quickly.

  • Comprehensive features: Manage policies, claims, vendors, and billing all in one platform.

  • AI-Powered: Automate key tasks like invoice auditing, submissions processing and more.

  • Scalable: Built to grow with your business—no extra charges per user or premium percentage.

  • In-House development: All development is done in-house with no outsourcing, ensuring quality and control.

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How does AI Insurance differ?

AI Insurance is the only insurance core-systems platform powered by AI that handles every part of the program workflow in a single software. It’s also the only platform on the market that doesn’t charge based on premium.

Unlimited custom report building, unlimited support, unlimited seats, and unlimited data and document storage are all included for free.

AI-powered automation minimizes manual effort for data entry, claims processing, and submissions. Intelligent financial architecture means billing, invoicing, and accounts receivable are all self-reconciling. Reminders and collections happen with no human intervention needed. Best of all, the platform is more affordable than traditional insurance platforms, offering a cost-effective solution with no hidden fees.