Intellect Design's IntellectAI suite chosen by Foresight

25 Oct 2022 , 01:55 PM

IntellectAI, a suite of Artificial Intelligence products from Intellect Design Arena, announced that Foresight–the tech-enabled Workers Compensation MGU that envisions a future without workplace injuries–has just agreed to employ Intellect’s AI-powered, comprehensive suite of underwriting platforms.

Foresight will be able to intelligently automate the quotation intake process and harness data for submission prioritisation and risk selection by utilising IntellectAI products (Magic Submission, Risk Analyst, and Xponent).

Foresight can continue to support its purpose of avoiding workplace accidents and decreasing claims by utilising IntellectAI’s underwriting platform, which is powered by data-driven safety engagement technology. Foresight’s proactive approach to the commercial middle market has already led to an 18% reduction in claim frequency for clients.

Underwriting speed and accuracy are important for innovative tech-enabled insurers like Foresight. IntellectAI is an end-to-end commercial property, casualty, and speciality underwriting platform driven by AI. Intellect’s expertise in working with other customers around ingestion can help Foresight achieve its aim of intelligent automation throughout the intake process.

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