Intelligent AI

Cohort: Cohort 10, 2023 

Focus in insurance value chain/workflow: Risk mitigation I Point of underwriting I Claims  

Specific lines of business supported: Corporate I Reinsurance I Captive   

Founded: 2020 

Status: Operating, still in insurance 

Company type: Data provider, Data transformation 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 1-10 

Intelligent AI creates 'Digital Twins' of locations by integrating information drawn from commercial property owners, over 300 data sets, satellite imagery, unstructured documents and IoT feeds attached to a given location. Intelligent AI’s platform is used by commercial property owners, brokers and insurers. 

Primary way aimed to improve insurance processes and tools whilst in the Accelerator:  Improving UW tools and processes I New sources of risk insight - data or models I Data, product & service consolidator I Improving claims process 

During its time in the Lab, Intelligent AI engaged in mentoring with 11 major insurers and brokers, which has led to greatly improved market validation and engagement in the form of piloting and product testing. It tested and launched a new Intelligent Rebuild Cost Validation platform, which addresses the issue of underinsurance in commercial property. It has many benefits including reducing rebuild cost calculations timescales by over 90%, improving the accuracy of reinstatement valuations from properties, and providing insurers and large clients with fast access to aggregated dashboards or current portfolio exposure/underinsurance.