Sixfold, a generative AI company focused on insurance risk analysis, has launched a new product feature named Discrepancy Scan to boost underwriting efficiency.
The release comes in response to growing demand for artificial intelligence across the insurance landscape, according to InsurTech Insights.
With fraud and misrepresentation costing the industry billions annually, insurers are increasingly seeking automated solutions to reduce human error, increase operational efficiency, and better assess applicant risks.
Recent findings from Munich Re have also identified applicant misrepresentation as a rapidly growing threat, heightening the urgency for such tools.
Sixfold is dedicated to modernising how underwriters assess insurance applications. Its AI-powered solutions focus on automating the analysis of vast, complex data sets to identify potential red flags in real time. With several major insurers already adopting its platform, the company is a recognised force in transforming insurance underwriting.
Discrepancy Scan is specifically built to streamline the traditionally manual process of reviewing life and disability insurance applications. It compares applicant-provided data with medical documentation—including prescription records and lab results—to flag discrepancies. These inconsistencies are highlighted in a clear dashboard, helping underwriters quickly spot undeclared medications or missing information.
The tool’s functionality is built on a four-step AI process: it scans all relevant medical documents, compares them against applicant disclosures, flags material mismatches, and continues monitoring new data in real time. Initially focused on medications, the product roadmap includes expansion to detect inconsistencies in diagnoses, procedures, and lifestyle details.
Importantly, the platform is fully HIPAA-compliant, ensuring data security while delivering rapid, accurate results. Discrepancy Scan is designed to adapt to each insurer’s specific underwriting criteria, surfacing only the issues most relevant to their guidelines.
The launch follows Sixfold’s recent recognition on CB Insights’ AI 100 list, cementing its reputation among the world’s most promising AI companies. With broad adoption already underway, Sixfold is positioning itself as a transformative player in insurance risk evaluation.
Sixfold CEO Alex Schmelkin said, “The purpose of underwriting teams is to assess risk, but before they can do that, they have to play detective across volumes of medical records. We built Discrepancy Scan to relieve that burden, save underwriters hours of manual work, and allow them to concentrate on what really matters—making sound decisions for both applicants and organisations.
“Discrepancy Scan is another step in this process, as Sixfold continues to innovate in ways that empower underwriters, drive efficiency and accuracy for carriers, and expedite the experience for applicants.”
Copyright © 2025 InsurTech Analyst
