AI-Powered Insurance Quoting That Cut Processing Time by 90%
Client Background
AIQuote is an InsurTech startup disrupting commercial insurance broking with AI-driven risk assessment and instant quoting.
The Problem
"Traditional insurance quoting took 3–5 business days, required 6 manual analysts, and had a 23% error rate. They were losing customers to competitors offering same-day quotes."
Our Solution
We built a custom AI pipeline that extracts risk data from unstructured documents, applies ML-based underwriting models, and delivers instant quotes with 98.7% accuracy — all in under 2 minutes.
Implementation
Built document ingestion system handling PDFs, images, and spreadsheets
Fine-tuned GPT-4 on 50,000+ insurance documents for extraction
Trained XGBoost risk scoring models on historical claims data
Developed real-time quoting engine with rule engine integration
Created broker portal with comparison dashboard and one-click binding
Measurable Results
“Their ML team understood insurance better than some brokers I've worked with. The system they built is our core competitive advantage.”