Pibit.ai

Pibit.ai is an insurtech company that focuses on streamlining and enhancing manual underwriting processes for property & casualty (P&C) insurance. Their AI platform aims to reduce costs, expand volumes, accelerate issuance, and enhance broker and customer experiences. The company offers the following key features:

- Loss Run Automation: Extracting information from loss run documents with high accuracy using AI technologies like Computer Vision and Natural Language Processing (NLP)
- Data Verification: Ensuring 100% accuracy with their data review platform
- Data Enrichment: Extracting information from relevant third-party sources to provide a 360-degree view of the customer
- Analytics: Generating visual reports that summarize key trends in loss run files
- Delivery: Sending extracted data along with analytics to carriers via APIs, Excels, SFTP, Email, or any other way as per requirement

Pibit.ai's solution for commercial insurance specific AI is powered by a robust foundation of AI technologies, including Computer Vision, Natural Language Processing (NLP), and large language-based models. The company prioritizes data security, with SOC 2 Type II and ISO 27001 certifications, and stores all data on highly secure US-based cloud servers.

Pibit.ai has joined the Guidewire Insurtech Vanguards Program to revolutionize commercial underwriting with AI automation. The company's AI platform has been recognized for its ability to streamline submission and underwriting processes, reduce costs, expand volumes, accelerate issuance, and enhance broker and customer experiences. The expected release date for Pibit.ai is 2024.