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Chisel Wins Gold at Zurich Innovation World Championship

In Action Summary

Chisel AI is a North American insurtech specializing in text-based big data analysis that allows commercial insurers, reinsurers and brokers to extract, identify and classify unstructured data sources, such as insurance documents, quicker and more accurately than humans. The benefits of the tool are to derive hidden insights and automate E&O policy checking, submission prioritization, quote comparison, and submission triage.

Chisel can read and understand unstructured and structured text just like a human

Features include –

  1. Lower Expense Ratios and improve productivity: Automate manual, error-prone and repetitive tasks
  2. Sell More: Shift account executives away from low-skilled administrative work to account management activities.
  3. Data Analysis: Extract all of your policy level data from digital documents in real-time and import it into your analytics destinations including ACORD, CSIO XML, JSON, CSV

Ultimately, Chisel AI helps insurers to extract patterns and insights from petabytes of data held in legacy policies. As insurers are increasingly aware of the cross-selling opportunities that may lie in dormant policies, Chisel AI and offerings may be an indispensable tool to optimize this process.

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