intellectAI

Favorite Use case Friday: Exploring the real-life application of our underwriting solutions! 🌟 Product in Focus: Magic Submission By identifying missing information and automating requests, Magic Submission enables underwriters to make faster decisions, reducing processing time by 60%. When key documents, such as an ACORD 125 or 2 years loss run history, are missing in the submission package sent by the broker, Magic Submission automatically detects the missing information and sends a request to brokers or agents on your behalf. This saves underwriters the time and effort of manually identifying gaps and following up for additional data. Learn more: https://lnkd.in/gBxguBfa #Underwriting #IntellectAI #InsuranceTech #AIPowered #CommercialInsurance #SpecialtyInsurance #FutureOfInsurance #MagicSubmission

🚀 ITC 2024 Brokers: AI in Wholesale Insurance – A Strategic Path to Innovation and Efficiency I’m excited to share the third video in a series from my recent session with Sandeep Haridas, CPCU, API, EVP at intellectAI and a leading technologist in the insurance industry with expertise in generative AI solutions for brokers and carriers. In this session, we dive into how AI is reshaping the wholesale insurance marketplace, covering key areas such as: 📊 The unique challenges within the wholesale insurance business today 🌐 A forward-looking vision for integrating AI in wholesale operations 🤝 High-impact synergies where AI can streamline workflows and resolve critical challenges ⚠️ Key watchouts: areas to tread carefully as we implement AI in the sector A big thank you to intellectAI for this opportunity! I encourage you to reach out to them if you’re looking for solutions in generative AI.

Managing insurance submissions is one of the toughest challenges in underwriting—endless forms, emails, and complex documents that eat up time and resources. The manual review process takes up to 45 minutes per submission, increases costs, and risks critical errors. IntellectAI's latest article dives into how Magic Submission is revolutionizing this process with: ✅ Over 95% accuracy in document processing ✅ Submissions handled in seconds, not minutes ✅ Accelerated underwriting decisions ✅ Enhanced risk selection and pricing ✅ Better broker and agent relationships ✅ Streamlined compliance and audit readiness Discover how insurers, brokers, agents, and MGAs are transforming their workflows, cutting costs, and boosting profitability. Download the full article to see how to take the first step toward smarter underwriting: https://lnkd.in/g4Xs9Qar #Insurtech #AIInnovation #UnderwritingSolutions #MagicSubmission #Underwriting #IntellectAI #InsuranceTech #AIPowered #CommercialInsurance #SpecialtyInsurance #FutureOfInsurance

The Results Are In! We recently asked you about your key takeaways from this year’s insurtech events, and the responses reflect the ongoing transformation of the industry: 🧠 "AI is insurance’s future" led the poll, with 38% of you recognizing its cutting-edge potential. 🚀 "Insurtech is evolving rapidly "and "We're just getting started" tied at 25%, highlighting both excitement and the sense that there’s much more to come. 🤝 "Good networking, few insights" got 13%, showing there’s still room to elevate the conversation at these events. What’s next on the horizon for insurtech? Let us know your thoughts in the comments! 🚀 #AI #insurtech #innovation #underwriting

Arun Jain’s session on "Simplify Banking Using Composable eMACH.ai" at the BIAN Banking Summit 2024 shed light on how eMACH.ai’s composable approach empowers banks to overcome critical challenges, streamline operations, and elevate customer experiences. We’re thrilled to see a full house at the summit for Arun's session, with incredible engagement from industry leaders and innovators as we shape the future of banking together. Manish Maakan | Rajesh Saxena | Banesh Prabhu | Debanjan Kumar | Ramanan S V | Govind Saxena | Uppili Srinivasan | Debal Dutt | Kannan Ramasamy | Krishna Rajaraman | Vasudha Subramaniam | Sudha Gopalakrishnan | Janine Ranski | Michael Whitehead | K Srinivasan (KS) | Sanjay Israni | Craig Millar | Shobhit Sharma | Lalit Motwani| Ravi Kumar C | Paramdeep Singh | Sairus Bapooji | Vishal Singh | Srinivas Erat | Himanshu S | Sunil Rajvanshi | Richard Kennette | Selvakumaran S | Vivek Deshpande | Vikas T. | Hari Menon | Prasanna Venkateswaran R | Ganesh Ramaswamy | Ravichandran Sankaran | Sree Prasantha Ram Mulpuri | Suresh Krishnan | BIAN Services GmbH #Intellect #FirstPrinciplesThinking #eMACHai #ComposableBanking #ContextualBanking #SimplifyingBanking #InnovationInBanking #ArunJain #BIANBankingSummit #designthinking #OpenFinancePlatform #Fintech #EnterpriseGradeTechnology #BankTechwave5

Last week, we had the pleasure of hosting a grand Diwali celebration at Cirencester, bringing together over 600 attendees from Intellect and our valued customers and partners, especially St. James’s Place. The evening was filled with festive cheer, meaningful conversations, and vibrant moments that highlighted the strong bond we share. As we celebrated the festival of lights, we also reflected on our incredible partnership with SJP—a collaboration built on trust, innovation, and shared success. Here’s to many more years of lighting the way together! Ian MacKenzie | Karen Stevens | Jim C. | Ian Butcher | Banesh Prabhu | Hari Menon | Deepak Dastrala | Rajesh Muthuramalingam | Andrew Young | Ajay Sharma | Tarunya Suresh | Richard McGrail #IntellectAI #SJP #Partnership #Diwali2024 #CustomerCelebration

Reaching another milestone today - 6,000 awesome followers 🎉 Thanks for joining us on this journey to share insights, learn together, engage, and be part of a community of people who are passionate about the technology that is shaping insurance and wealth management. 🥂Cheers to more milestones and accomplishments together! Banesh Prabhu | Deepak Dastrala | Sandeep Haridas, CPCU, API | Hari Menon |Laila Beane | Megan Roche Pilcher | Nagaraj Prasadh | Richard McGrail | D. Vivek Nayudu | KAUSHAL SHAH | Richard Kennette | Rajesh Muthuramalingam | Aminat Adeyemi | Sheetal Pandit | Abhijeet Singh Hazare | Anand R. #intellectai #insurance #wealthmangement #purplefabric

Meet Hari Menon, Executive Vice President, Intellect at the BIAN Banking Summit 2024 in London, happening today and tomorrow! As the Diamond Sponsor, Intellect is thrilled to showcase our cutting-edge Composable eMACH.ai platform—featuring 386 microservices, 2,015 APIs, and 650+ events—transforming banking with unmatched flexibility and innovation. Stop by the Intellect booth for live demonstrations, personalized consultations, and exclusive insights into our wealth offerings. Discover how we’re shaping the future of banking with eMACH.ai. #firstprinciplesthinking #eMACHai #designthinking #Intellect #OpenFinancePlatform #Fintech #enterprisegradetechnology #contextualbanking #composablebanking #banktechwave5

By automating the extraction, ingestion, sorting, and summarization of insurance documents, Magic Submission enhances underwriter efficiency by 87%, resulting in up to a 60% reduction in policy decision time. As part of its 6-step process, the solution automatically ingests and extracts data from structured, unstructured, and semi-structured documents, significantly reducing underwriting time while reducing the risk of human error when re-keying data into a carrier’s quoting or policy admin system. This streamlined approach eliminates the need for manual data entry, providing underwriters with all submission-related information at their fingertips, aligning with their goal of processing more policies accurately and efficiently. Find out more: https://lnkd.in/gBxguBfa #Underwriting #IntellectAI #InsuranceTech #AIPowered #CommercialInsurance #SpecialtyInsurance #FutureOfInsurance

intellectAI is a part of Intellect Design Arena, a global fintech focused on delivering insurance, wealth, and banking solutions to more than 57 countries worldwide. With design thinking as its DNA, Intellect Design Arena creates customer-centric solutions tailored to the needs of financial institutions, empowering them to adapt, innovate, and thrive in an ever-growing market. Watch our video about IntellectAI and Intellect Design to see how we empower the world's biggest companies with world-class solutions. https://lnkd.in/gWcA6tbZ #IntellectDesignArena #IntellectAI #InsuranceInnovation #UnderwritingRedefined