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Furtherai

Purpose-built AI Assistants for Commercial Insurance Operations

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Overview

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Furtherai provides purpose-built Generative AI assistants designed to transform commercial insurance operations. By automating high-volume, repetitive tasks such as submission intake, policy comparison, and underwriting audits, Furtherai helps insurers, MGAs, and brokers significantly enhance efficiency and accuracy. The platform addresses rising submission volumes and limited underwriting capacity, enabling process automation in minutes rather than days. Furtherai boasts 95% data accuracy, 30x faster quote readiness, and a 646% ROI, trusted by leading insurers, MGAs, risk exchanges, and InsurTechs. It is committed to reducing expense ratios by 50% while maintaining enterprise-grade security and compliance standards like SOC 2, ISO 27001, and GDPR.

How It Works

  • Document Processing: Extracts data from complex documents, including PDFs and SOVs, and fills out applications automatically.
  • Workflow Automation: Automates entire workflows, triggering actions based on emails or messages.
  • Policy Analysis: Reads policies, compares documents, and spots discrepancies for consistency.
  • Automated Interactions: Makes phone calls and handles client follow-ups via messaging.
  • Portal Navigation: Navigates software portals, downloads data, and generates quotes by filling in information.
  • Specialised AI Teammates:
    • Grace AI: Automates quote generation by logging into software and filling information.
    • Smith AI: Verifies policy document information for consistency.
    • Kate AI: Manages renewal follow-ups, reminders, and interest gauging.

Use Cases

Automated Submissions Processing
Automate intake, extraction, and routing for every insurance submission, enabling faster client onboarding and improved underwriting efficiency.
Underwriting Audit Automation
Free teams from manual checks with AI-powered policy reviews and data extraction, boosting compliance accuracy and audit throughput.
AI-Powered Policy Comparison
Instantly identify discrepancies and ensure policy consistency with AI-driven document analysis.
Claims Validation Optimization
Streamline claims workflows, enhance processing accuracy, and accelerate operations at scale.

Features & Benefits

  • Automated Submission Intake: Extracts details and eligibility, flags inconsistencies for 30x faster intake
  • Instant Policy Comparison: AI-powered, spots discrepancies instantly, boosts ROI
  • Underwriting Audit Automation: Automates data extraction/policy reviews, cuts audit time by 45%
  • SOV Mapping & Loss Run Processing: Efficient document and loss processing
  • Web Research & FNOL: Automated web research and streamlining First Notice of Loss
  • Policy Summaries & Bind Order Verification: Creates summaries, verifies bind orders
  • Authority Check: Automated underwriting authority compliance
  • AI Phone Conversations: Automates client calls and follow-ups
  • AI Portal Navigation: Navigates portals, downloads data, fills out forms
  • AI Document Handling: Extracts data, fills applications, reduces processing time
  • High Data Accuracy: 95% accuracy, 140% higher than manual
  • Seamless Integration & Scalability: Easy to integrate, scales across insurance uses
  • Flexible "LEGO Block" Design: Adapts to workflows, smooth transition/customisation
  • Optimised Workflows: Reduces friction/enhances accuracy/accelerates operations
  • Enterprise-Grade Security: SOC 2, ISO 27001, and GDPR compliance, isolated storage, third-party audits

Target Audience

  • Commercial Insurers and Carriers: For enhanced underwriting, compliance, and claims.
  • Managing General Agents (MGAs): MGAs seeking streamlined submissions and more productive underwriters.
  • Risk Exchanges: Organizations focused on faster and higher-volume audit processes.
  • Regional Mutual Insurance Companies: Improving policy comparison accuracy and insights.
  • Fast-Growing InsurTechs: Seeking cutting-edge AI to eliminate bottlenecks and drive growth.
  • Innovative Brokers and General Agents: Automating repetitive and high-volume manual work.
  • Key Roles: Underwriters, Policy Administrators, Chief Risk Officers, Agency Owners, and Presidents of Commercial Property/MGU.

Pricing

Information not available.

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