Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- The norm today within the insurance industry is that insurance documents are sent unsecured as email attachments and valuable data is trapped in documents & silos within insurance companies and brokerages.
RiskMind AI offers a secure insurance document management system akin to "DocSend" that automatically extracts data from insurance documents that we make easily accessible via our "chat gpt-like" insurance AI co-pilot. By unlocking valuable data that's typically trapped in documents or kept in silos, insurers & brokers can now:
- Automate critical manual workflows such as the issuance of insurance certificates; issuance of binders; policy document reviews & comparisons; etc. for an immediate boost in productivity;
- Enhance their data security, governance & compliance controls;
- Access and analyze data with ease to drive business & sales strategies; and
- Enhance their risk assessment & underwriting capabilities with the opportunity to expand into new markets.
RiskMind Ai is currently a finalist within Zurich Insurance Company's 2024 Global Insurtech Innovation Competition.
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