(Image source: NeuralMetrics homepage.)
NeuralMetrics (Denver), the provider of a solution that uses artificial intelligence to extract underwriting answers from public data for commercial carriers and agencies, has announced a partnership wit InsuranceGIG, an API AppMarket developed to connect buyers and sellers as a better way to buy insurance technology. The integration of NeuralMetrics into InsuranceGIG’s platform enables agencies and carriers easy access to all of NeuralMetrics underwriting data, according to a statement from the companies.
Using NeuralMetrics, agents can classify businesses with just a company name and address, know all of the services provided, understand associated risks, and more, including specific underwriting information requested by carriers, the statement says. These answers are shared in real-time with carriers, giving them the information they need to underwrite the businesses and provide fast proposals back to the agencies. Having the solution available on InsuranceGIG makes it accessible to more agencies and carriers, the companies say.
InsuranceGIG describes itself as being designed to make buying and selling API-based services for insurance faster, cheaper, and risk-free. Buyers are able to get introduced to more services they otherwise would not, while enjoying transactional pricing, sampling services before purchasing an entire tech stack, no long-term contracts, and the ability to bundle APIs to create custom workflows.
Easier, Faster, and More Effective
“We’re making writing small commercial easier, faster, and more effective,” says Prakash Vasant, CEO, NeuralMetrics. “Top carriers and agencies are using our solution today and seeing both market growth and increased profitability. We’re thrilled to partner with InsuranceGIG to bring NeuralMetrics’ capabilities to broader numbers of agencies and carriers.”
“We are excited to have NeurualMetrics’ actionable business insights integrated into the InsuranceGIG platform,” says Michael Lebor, CEO, InsuranceGIG. “Having data, such as business classifications codes and prefilled underwriting questions available to agents at their fingertips is key to driving profitable growth, and delighting their customers. Our commercial carrier partners are thrilled to have this data conveniently available via all three of InsuranceGIG’s delivery mechanisms including APIs, our Chrome Extension, and our Ready-to-Go AppMarket platform.”