Tag: AI-powered underwriting
Applied Systems acquires Cytora to expand AI in insurance
Applied Systems has acquired Cytora, a digital risk processing platform for the insurance sector, in a move aimed at strengthening its artificial intelligence (AI) capabilities.
AI-driven Magic Placement transforms underwriting with smarter document insights
Insurance brokers are under growing pressure to process increasingly complex documentation while maintaining accuracy and speed. From comparing quotes to evaluating binders and policies,...
AI-driven risk assessment propels the AI in insurance market to $141bn...
AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...
US-based R.E. Chaix adopts IntellectAI’s underwriting platform to scale operations
US-based R.E. Chaix, a wholesale insurance brokerage firm specialising in multiple property and casualty (P&C) lines, has selected IntellectAI's end-to-end underwriting ecosystem, eMACH.ai Xponent, to enhance its wholesale and managing general agent (MGA) business.
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