NeuralMetrics
NeuralMetrics leverages intelligent technologies to facilitate accurate, contextual commercial lines underwriting and comprehensive lead management for property/casualty insurance organizations.
NeuralMetrics (www.neuralmetrics.ai) facilitates meticulous commercial lines underwriting and comprehensive lead/prospect management for property/casualty insurers. The company’s AI-powered data-aggregation platform extracts industry-compliant risk-assessment intelligence instantaneously and transparently from dynamic, public information sources. NeuralMetrics enables reliable rating classification, incisive underwriting, and precise policy pricing, plus sourcing and prequalification of desired accounts.
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Learn more on the NeuralMetrics website
NeuralMetrics Partners with Duck Creek Technologies on Seamless Access to Commercial Lines Underwriting Information for Insurers
Advantages
- Accuracy: Platform accuracy validated by NeuralMetrics clients and internal processes at 90 percent for risk questions and 84 percent for industry classifications across broad business categories.
- Speed: Industry classification in a few seconds, enabling insurers to leverage NeuralMetrics technology for real-time quoting and triage.
- Transparency: Insurers can validate each data source producing the classification by linking directly to the internet site.
- Compliance: The solution provides access to data sources used for selection and premium decisions, helping to eliminate PII use or bias.
Features
- Provides highly accurate classifications for diverse businesses and industries, addressing NAICS and other insurance codes.
- Instantly automates underwriting eligibility and quality assessments with only a customer’s name and address.
- Ensures risk appetite fit to support account-level underwriting, drive straight-through processing, strengthen portfolio management, and energize growth for insurers.
- Encompasses classification models built, validated, and in production — covering approximately 90 percent of NAICS codes.
Expertise
- 120+ years of combined experience in the leadership team.
- Clients include four of the top ten U.S. commercial lines insurers.
- Multiple proofs of concept authenticate underwriting efficiency and business growth for carriers, boosting digital ROI.
- Diverse and validated business use cases cover straight-through processing for workers’ compensation, general liability, LRO, and more.