Leading analyst firm profiles Chisel AI with four other companies using advanced technologies to enhance insurance sales processes
Toronto, ON (Oct. 16, 2019) – Chisel AI, a technology provider for the global insurance industry, is pleased to announce that it has been named an IDC Innovator in the recently published report, IDC Innovators: Canadian Insurance Sales Automation, 2019.* The report profiles five companies that offer solutions that enhance insurance sales processes using advanced technologies like AI, natural language processing, cognitive processes and cloud.
In explaining why Chisel AI was chosen as an IDC Innovator, the report states: “Chisel AI provides solutions that address automation of policy processing in the P&C insurance industry for insurers and brokers using AI and natural language processing. Its extensive knowledge of the insurance industry and how AI can be effectively applied provides it with a competitive advantage that will be difficult for any potential competitor to match.”
“We’re thrilled that our AI-powered solutions for commercial insurance are being acknowledged and validated by a leading independent analyst firm,” said Ron Glozman, CEO and founder of Chisel AI. “Our data extraction capabilities and automated workflows digitally transform slow and cumbersome back-office processes like policy checking and submission triage that have kept carriers and brokers from delivering the fast and responsive experience their customers expect. With Chisel AI, what used to take hours or days now takes minutes.”
Learn more about the IDC Innovators report.
* Document ID: IDC#CA44506819, October 2019.
About IDC Innovators
IDC Innovators reports present a set of vendors – under US$100M in revenue at time of selection — chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor’s company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
About Chisel AI
Chisel AI’s purpose-built solution for commercial insurance carriers and brokers reads unstructured insurance data 400 times faster than a human – and with much greater accuracy. Our advanced AI platform and intelligent workflows fuel the automation of high volume, mundane underwriting and brokering processes, enabling insurers to double their business and optimize the customer experience without adding staff. Chisel won Gold at the 2019 Zurich Innovation World Championship and won the ACORD InsurTech Innovation Challenge in 2018.
Chisel AI was the first participant in the InsurTech Spotlight.
For more information, visit www.chisel.ai.
Source: Chisel AITags: Chisel, InsurTech Spotlight, International Data Corporation (IDC)