IntellectAI, announced that Foresight, recently signed to use Intellect's AI-powered, full suite of underwriting platform. The use of the IntellectAI products (Magic Submission, Risk Analyst and Xponent) will enable Foresight to intelligently automate the quote intake process, and leverage data
for submission prioritization and risk selection. By selecting IntellectAI's underwriting platform, Foresight can continue to support their mission of
preventing workplace accidents and reducing claims through best-in-class workers' compensation insurance, powered by data-driven safety engagement technology. By selecting IntellectAI's underwriting platform, Foresight can continue to support their mission of preventing workplace accidents and reducing claims through best-in-class workers' compensation insurance, powered by data-driven safety engagement technology. Foresight's proactive approach to the commercial middle market has already resulted in an ability to reduce claims frequency for clients by 18%. Speed and accuracy are critical in underwriting for innovative tech-enabled insurers like Foresight. IntellectAI is a full suite, AI powered commercial property, casualty and specialty end to end underwriting platform. Foresight's goal for intelligent automation throughout the intake process is a key area where
Intellect can bring its experience working with other clients around ingestion to Foresight to enable accuracy and efficiency.