100%
Submission Handling
Automating Submission Intake
Faster, Accurate Loss Run Analysis
Streamline your underwriting process: convert unstructured submission documents like ACORD and loss runs into actionable insights within 2 hours
Step 1
5x
Underwriting Productivity Increase
06%
Reduced Loss Ratio
Who we work with
Trusted by leading Carriers & MGAs
Making Commercial Underwriting Efficient
Transforming Loss Run Into Actionable Insights
Streamlining Loss Run Extraction
Eliminate Manual Data Entry
Our advanced AI, combined with expert verification, accurately extracts loss run data at a remarkable 99.9% accuracy within 2 hours.
Loss Run Analytics
Get Quick & Accurate Loss Run Insights
Uncover key information from loss runs with our insights report. Spot key trends and patterns and analyse risk accurately.
Data Extraction Process
How it Works?
Step 1
Ingestion
Data can be ingested via API, SFTP, Email or our UI in multiple formats like excel, pdf, jpg, word and tiff
Step 2
Extraction
Our AI model does the document indexing and data extraction from the loss run documents
Step 3
Data Verification
Automated quality checks runs on the data along with expert review, makes sure data is accurate
Step 4
Data Enrichment
Extracting information from relevant third party sources as per the line of business, providing 360 degree view of the customer.
Step 5
Analytics
Generating visual reports that summarizes the key trends in the loss run files
Step 6
Delivery
Sending this extracted data along with analytics to the carriers either via APIs, Excels, SFTP, Email or any other way as per requirement.
Step 1
Ingestion
Data can be ingested via API, SFTP, Email or our UI in multiple formats like excel, pdf, jpg, word and tiff
Our Features
What Makes Us Unique
99.9% Accuracy within 2 hrs
Commercial insurance specific AI models along with expert review delivers 100% accurate data within 2hrs
Loss run analytics
Quick insights helping underwriters to evaluate risk accurately. Helping Insurers to make informed decisions!
Support any format
Understands any carrier, MGA or other loss runs formats across line of business
Implement in 2 weeks!
Flexible document ingestion techniques makes it easy to do rapid deployments with current workflows quickly
AI-powered, 100% Accuracy!
Our Technology
Our cutting-edge approach integrates Artificial Intelligence, Machine Learning, Computer Vision, NLP, and LLMs, providing unmatched precision in extracting data from complex submissions, propelling Commercial Insurance into a new era of efficiency.
What our Customers are saying
Significantly improved our underwriting efficiency
After bringing in Pibit.ai loss run analysis product to our submission and underwriting process, we saw a positive shift. As our employees moved up the career path from Underwriting Assistants to Underwriters, we did not have to backfill all roles as this replaced manual data entry. Our operations are now faster, impacting quote generation speed positively. We have now achieved a data accuracy of 99.9%, ensuring consistently improved risk analysis, with an average turnaround time of submission to reviewable underwriting file in the underwriter’s queue under 2 hours. Pibit.ai has truly streamlined our submission workflow!
Michaela Morrison
SVP Operations
Method Workers' Comp
Our Investors
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