NeuralMetrics

Do insurers and MGAs know the full scope of business exposures in the commercial properties they insure? That’s one of the main topics the NeuralMetrics team is discussing this week with InsureTech Connect attendees. Commercial real estate can be a revolving door of tenants. A risky business such as a 24-hour convenience store could become a tenant after the policy was written. Or a landscaping business might also have started to offer snow removal services, but the insurer might not be aware of this. With AI capabilities from NeuralMetrics, commercial property insurers and MGAs can access instantaneous insights into the detailed perils of businesses in their Lessor’s Risk Only (LRO) portfolio. With help from GIA, the cognitive NeuralMetrics risk appetite AI assistant, combined with our LRO risk intelligence and classification data products, insurance organizations can more accurately evaluate all associated tenant exposures of their policyholders. To learn more about how NeuralMetrics AI assistants and real-time data products support underwriting proficiency across commercial lines of business, visit our website: https://neuralmetrics.ai/.?#ITCVegas

NeuralMetrics is excited to introduce CHRIS, a cognitive AI assistant for managing workers’ compensation premium audit workflows. Premium audits require significant manual effort and review to ensure insurance premiums accurately reflect multifaceted business exposures. CHRIS provides fast, automated data collection and detailed classification information, resulting in more accurate and efficient audits. This role-based AI assistant speeds field and phone audits by addressing incomplete and missing information, such as employee, payroll, and subcontractor data. CHRIS also ingests and monitors state-specific regulations, ensuring full compliance. To learn more about CHRIS, read our news announcement: https://lnkd.in/eTxVMvPJ

Attending InsureTech Connect this week? Stop by NeuralMetrics booth #3038 to meet our autonomous, role-based AI assistants who can help streamline and cost-effectively enrich your core commercial underwriting and premium audit processes. NeuralMetrics AI assistants assume distinct knowledge worker personas?and?quickly learn and adapt to support your workflows: GIA reinforces risk appetite and selection based on your underwriting guidelines, including Lessor’s Risk Only (LRO) tenant occupancy exposures. ARKUS strengthens real-time risk analysis by monitoring risk-quality data and signals. CHRIS identifies missing data elements and?absorbs state regulations and learnings from submission documents to facilitate comprehensive workers’ compensation audits. Visit NeuralMetrics at #ITCVegas to see these AI assistants in action.

Calling all commercial property insurers and MGAs. What if every time a new business moves into a building or next to a business you insure, you can instantly know all the exposures associated with tenant occupancy? And what if?you could use this information continuously to make more refined decisions about your Lessor’s Risk Only (LRO) book of business? Those scenarios are real with GIA, the NeuralMetrics risk appetite AI assistant, combined with our LRO risk-quality data products. You get real-time property and occupancy information, which works seamlessly within your underwriting team’s workflow.?So, if a daycare center, cannabis shop, or sports bar moves in, you can accurately evaluate the associated tenant exposures for your policyholders in a snap. ? Attending InsureTech Connect in Las Vegas? Stop by NeuralMetrics booth 3038 to see GIA, our risk appetite AI assistant, and our LRO data capabilities in action. We can also discuss the growing NeuralMetrics suite of AI assistants, which includes detailed commercial risk analysis and premium audit workflow management roles. ? #ITCVegas

Generative AI assistants can quickly ingest underwriting guidelines to help expedite commercial underwriting processes such as risk analysis and appetite determination. They can also perform their role-based tasks in real time, making it easier for insurers and MGAs to?meet compliance standards and exceed policyholder service expectations. NeuralMetrics Chief Underwriting Officer, Chris Schrenk spoke with Lori Chordas of AM Best TV at the National Association of Mutual Insurance Companies (NAMIC) Annual Convention. They discussed how mutual insurers and other insurance organizations can deploy cognitive, self-learning AI assistants to improve processes and enhance risk-selection consistency: https://lnkd.in/ePc9uwMJ

NeuralMetrics is honored to be selected as a 2024 PropertyCasualty360 Insurance Luminary for our contributions to insurance technology innovation. NeuralMetrics persona-based AI assistants are modernizing commercial underwriting processes and workflows by specializing in distinct roles for risk appetite determination, exposure analysis, and premium audits. These autonomous assistants can self-learn, self-correct, and share information to streamline data-driven risk assessment and premium audit workflows. Check out the complete list of PC360 insurance luminaries: https://lnkd.in/eA9sCtRN.

We had a great time at NAMIC, reinforcing the value of having knowledgeable digital sidekicks--aka Al assistants--that can make smarter, faster, and more accurate underwriting decisions regarding commercial risks.

Great discussions about #AI at NAMIC. There was a spotlight on top insurance trends, including the impact of artificial intelligence on insurance processes, underwriting, claims, and customer experience. Excellent discussions and great solutions. At the show: Prakash Vasant Chris Schrenk

There are so many great discussions at NAMIC: how AI is transforming risk assessment, automating tasks, and enhancing specific and more complex workflows, such as premium audit. It's exciting to connect with many mutual companies that are exploring ways to leverage AI, while ensuring the cutting edge technology is aligned with their abilities to serve policyholders while maintaining trust.

NeuralMetrics is introducing its autonomous, role-based AI assistants at the National Association of Mutual Insurance Companies (NAMIC) Annual Convention next week: ? - GIA - risk appetite AI assistant, applies underwriting guidelines to pinpoint exposures and validate risk appetite - ARKUS - risk analysis AI assistant, assesses critical exposures of insurable businesses - CHRIS - premium audit AI assistant, reviews submissions and state regulations to identify incomplete information ? Stop by booth 415 to meet our task-oriented, self-learning digital coworkers and learn how they can support commercial underwriting and premium audit teams. Hope to see you in Denver! #NAMICac24