Insurity unveils AI-powered platform to boost data accuracy and efficiency for insurers and MGAs

The solution, called Document Intelligence, incorporates cutting-edge capabilities in document AI vision and intelligent text extraction.

By utilising advanced machine learning, it transforms unstructured documents into structured data with a remarkable 99% accuracy, seamlessly integrating this data into Insurity’s existing products.

With such high precision in data extraction, insurers can cut operational costs by up to 60% and accelerate submission processing times by 50%, driving increased efficiency and productivity across the board.

Through its collaboration with OIP Robotics, Insurity empowers carriers and MGAs to optimize their underwriting operations, drastically reducing submission turnaround times from hours to mere minutes. This shift enables underwriters to focus on complex risk assessments while automating routine submissions, leading to stronger risk profiles and improved responsiveness to market demands.

Additionally, Insurity Document Intelligence simplifies data collection by rapidly extracting comprehensive, complex datasets through AI models specifically tailored to the insurance industry. Built-in rules further ensure that edge cases are reviewed and addressed efficiently, allowing teams to complete tasks swiftly and accurately.

By minimising human intervention, especially in the extraction of handwritten data, the solution significantly reduces the risk of errors while maintaining data integrity through routine audits and checks.

Mladen Subasic, Chief Product Officer at OIP Robotics, remarked, “We are at a transformative point in the insurance sector, where AI-driven data comprehension is more than a tool—it’s the key to revolutionising workflow automation. Through our integration of OIP Robotics’ advanced AI with Insurity’s powerful SaaS platform, we’re helping clients achieve faster results, deeper insights, and accelerated growth. Together, we are setting new standards for the future of commercial insurance.”

Chris Lafond, CEO of Insurity, added, “Insurity Document Intelligence, backed by OIP Robotics, offers substantial benefits for carriers and MGAs by enhancing both data accuracy and operational performance. Our pre-integration with Insurity’s products demonstrates our commitment to providing clients with the tools needed to stay competitive, highlighting our ongoing focus on innovation and industry leadership.”