How Insurants Measures AI Accuracy at Scale Across Lines and Markets
In a market flooded with AI claims, it’s easy to get swept up in impressive-sounding accuracy percentages. But when you dig deeper, many of these results are hypothetical, cherry-picked, or based on synthetic or limited datasets. At Insurants, we believe accuracy isn’t a pitch—it’s a performance metric. That’s why we don’t just talk about outcomes. […]
How Industry Thinking on AI Has Matured Since the Launch of Insurants
Six roundtables. Six locations. Dozens of voices across carriers, brokers, underwriters technologists and regulators. Over the past eighteen months the commercial insurance industry has undergone a visible and meaningful shift in how it approaches data challenges and the role of Generative AI. What began as fascination with emerging technology has matured into a more grounded […]
AI Meets Capital: How Insurants Is Powering the Growth of Cyber ILS
The insurance landscape is shifting—fast. As global risk profiles evolve and new forms of protection gain momentum, two of the most dynamic trends converging today are the rise of cyber insurance and the increasing role of Insurance-Linked Securities (ILS) in the capital markets. At Insurants, we believe AI is the missing link that can help […]
The toothpaste is out of the tube
To support the risk exchange throughout the commercial insurance value chain standards, processes, templates, formats, layouts have emerged, in multiple markets, over decades and continue to emerge. Documents in countless flavours are manually interpreted by a scarce pool of specialist experts. Volumes, complexity and client expectation are set to increase further. Going back to a […]
Extraction of entities from unstructured Commercial Insurance Documents- leveraging NER and GenAI algorithms
You might be aware that in the vast sea of insurance documents, approximately 80% of valuable information is hidden within unstructured text. Imagine both the time and resources that insurance companies spend sifting through policies, claims, and customer correspondence, searching for details like policy numbers, claim details, and beneficiary information. There is additional complexity with […]
Why Commercial Insurance Companies are Drowning in Documents
Paperwork – it is a term that sends shivers down the spine of many professionals, particularly those working in the commercial insurance sector. Often viewed as a necessary inconvenience and despite living in an increasingly digital world, insurance companies appear to be sinking in a sea of documents. But why is this the case? In […]
Amplifying Commercial Insurance Productivity Tenfold via Generative AI and IDP
Insurance companies need to keep pace and adopt emerging technologies to innovate, staying behind the curve is not an option. This is why the convergence of Generative Artificial Intelligence (AI) and Intelligent Document Processing (IDP) is on track to completely transform the way commercial insurance processes operate, offering the potential to boost throughput by an […]
Bringing Insurants to the US with support from Innovate UK
This April, we embarked on an inspiring journey to the United States, filled with strategic meetings and invaluable networking opportunities. This was our grand debut for Insurants, having been selected for the UK InsurTech Global Business Innovation Programme, led by Innovate UK, the UK’s national innovation agency. Our mission was clear: to strengthen connections with […]
Scaling up new technology while avoiding the pitfalls
A recent Insurance Post roundtable held in association with Insurants explored the complexity issue. Valerie Hart reports.
I can’t wait for Blueprint 2…
With the Insurer and Insurance Insider reporting on 22nd March of another delay to Blueprint 2 (Phase 1 moving to Q4 ’24) this blog now seems rather prophetic. The choices are becoming more stark; wait for the much needed market transformation that’s been delayed or start delivering benefits to your counter-parties now, and be better […]
