The AI-led Intelligent Underwriting Platform will be included in Google Cloud’s Industry Value Network (IVN) solutions and combines the power of Dociphi, Quantiphi’s Intelligent Document Processing (IDP) platform, Unqork’s codeless platform and Google Cloud services.
Quantiphi, an Al-first digital engineering company, announced August 28 that it has launched its AI-led Intelligent Underwriting Platform (AiUP), which helps insurers automate the complex commercial insurance underwriting process.
Quantiphi’s AiUP is built on Google Cloud and leverages Unqork’s codeless platform with Dociphi, Quantiphi’s IDP solution, for a fully integrated, accelerated and more seamless underwriting experience. This enables insurers to significantly reduce the time it takes to complete the entire underwriting process.
Bhaskar Kalita, Global Head of Financial Services and Insurance at Quantiphi, said: “Quantiphi is committed to solving the most intricate business challenges in the financial services and insurance sector. Our vision for AiUP is to be the end-to-end platform helping carriers automate the complex underwriting process in commercial insurance. Thereby improving application processing times, the user experience for brokers/agents and ultimately improving quote-to-bind ratios.”
In July of last year, Quantiphi and Unqork joined forces to help companies in the insurance and financial services industries reduce document processing errors and costs, streamline workflows and accelerate their overall digital transformation.
Headquartered in Marlborough, Massachusetts, Quantiphi is an Al-first digital engineering company that provides solutions such as Dociphi, its Intelligent Document Processing (IDP) platform. Quantiphi solves complex business problems by combining deep industry experience, disciplined cloud and data engineering practices, and cutting-edge artificial intelligence research to achieve quantifiable business impact at unprecedented speed.
You can find the full press release here.
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