NeuralMetrics
NeuralMetrics provides generative-AI data solutions for insurance underwriting, offering services such as predictive underwriting, risk assessment, and premium audit through proprietary data engines and an API-driven, cloud-first platform.
Services
NeuralMetrics provides generative-AI data solutions specifically tailored for the insurance underwriting sector. The company offers a range of services including predictive underwriting, lessor's risk assessment, book roll analytics, exposure monitoring, premium audit, renewal support, and business acquisition. These services utilize proprietary data engines to uncover actionable insights, enabling precise risk assessment and accurate policy pricing. Additionally, NeuralMetrics supports premium audits and portfolio integrity, providing tools to verify the classification of insured operations quickly and accurately.
Products
NeuralMetrics delivers several advanced products to enhance the capabilities of insurance underwriters. The company offers a state-of-the-art API-driven, cloud-first risk intelligence delivery platform, providing real-time, transparent underwriting data and validated risk-quality insights. Their A-Star (A*) platform, featuring intelligent persona-based GenAI agents, is designed to boost underwriting performance. The company's industry classification engine covers over 90% of NAICS codes, while their risk intelligence engine analyzes vast datasets in seconds. Additionally, NeuralMetrics' market data engine surveys target markets with precision, enhancing commercial lines underwriting and lead management.
Sector
NeuralMetrics operates within the insurance underwriting sector, focusing on providing innovative generative-AI data solutions. The company's offerings are tailored to meet the needs of property and casualty (P&C) insurers, managing general agents (MGAs), agents, and brokers. By leveraging advanced data analytics and AI technologies, NeuralMetrics aims to drive risk-assessment productivity, regulatory compliance, cost savings, and business development. Their solutions are trusted by four of the top ten U.S. commercial lines insurers, reflecting the company's significant impact within the insurance industry.
Clients and Partnerships
NeuralMetrics has established strong engagements with several leading organizations in the insurance industry. The company collaborates with notable clients such as Cincinnati Insurance and Stillwater Insurance Group to accelerate data-driven commercial underwriting and develop innovative solutions like AI-powered underwriting for lessor's risk policies. NeuralMetrics also supports four of the top ten U.S. commercial insurers with their advanced risk assessment and underwriting data solutions. The company’s expertise and technology are instrumental in helping these clients achieve better risk assessment accuracy and policy pricing efficiency.
Technology and Innovation
NeuralMetrics is at the forefront of technological innovation in the insurance industry. The company employs proprietary data engines, combining structured and unstructured data from dynamic public sources like online platforms, websites, social media, news articles, and other publicly available sources. Their technology includes a risk intelligence data engine supported by approximately 400 questions and 700+ AI models. NeuralMetrics has also collaborated with Binghamton University to develop efficient quantum algorithms for training advanced language models, highlighting their commitment to leveraging cutting-edge research and technology to enhance their product offerings.