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The artificialOS platform is a system of cloud-based modular applications that empowers insurers to rapidly and digitally quote, bind and issue policies.
About
The artificialOS is a platform of cloud-based, modular applications that empower brokers and insurers to rapidly and digitally quote, bind and issue policies. The platform allows for end-to-end data flows that harness machine learning, providing customers with an excellent experience whilst realising significant efficiency gains. The platform is unique to the market because of its DSL (domain-specific language) Brossa, developed by our in-house engineers. The innovative programming language is used to define the configuration of insurance products and can also be used to query a policy or to transact new data, allowing for an end-to-end platform for straight-through processing (full RQBI/ER) for complex commercial insurance products. Brossa allows clients to describe the product and workflow in a single file. Clients explain which data points/questions to collect, referral and decline triggers, the rater calculation and where to pull in additional data sources. Our leading technology has been recognised by several prominent accelerators, including the Lloyd's Lab 2020 and Ping An, which have been invaluable to our product development.
Key Benefits
Some of our clients include Aon, Chaucer, AXIS, MTS, Brit and most recently Convex. These forward-thinking companies have seen many benefits thanks to the platform: • 19% increase in revenue over 12 months • conversion rates boosted by 400% • 10-15% reduction in loss ratios • reduction of 90% in customer support calls • automation of 60% of mobile phone claims
Applications
• Digitising the quote, bind and issue of commercial insurance policies • Automation of claims processing • Use of Machine Learning to optimise underwriting performance • Automated data capture and augmentation from insurance documentation (Bordereaux, Submissions, Policy documentation)