IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, has been named to PropertyCasualty360’s Insurance Luminaries Class of 2023 in the Technology Innovation category for its use of AI to enhance underwriting for Commercial, Specialty and E&S carriers, MGAs, and wholesalers. This recognition celebrates innovation in the property and casualty insurance industry.
This recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. The 2023 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business; and how committed and dedicated the nominee has been to high ethical standards, service and excellence.
“Today’s top insurance organizations recognize the industry’s history and purpose while embodying contemporary processes and services,” says NU Property & Casualty Executive Editor Elana Ashanti Jefferson. “My colleagues and I are thrilled to be able to recognize pace-setting insurance organizations, programs, practices, teams and individuals as part of the annual NU PropertyCasualty360 Luminaries recognition program.”
With an “underwriter first” approach to underwriting transformation, IntellectAI’s AI-powered, end-to-end underwriting ecosystem is designed so that underwriters can make better, faster decisions using embedded AI. The brand’s cloud native, pre-built products can rapidly and dynamically change the digital transformation trajectory for insurers, wholesalers and MGAs.
“This is a great honor and we are genuinely excited to be recognized by an industry leading publication such as PropertyCasualty360,” said Banesh Prabhu, CEO of IntellectAI. “This recognition further validates our work using AI across the complete underwriting value chain. We have always strived to create a culture of innovation. We have a proven history of applying emerging technologies and advanced AI to simplify business complexities and effectively position companies for the future with sustainable outcomes in a constantly changing marketplace.”
He continued, “One of our differentiators in this space is our pre-defined and granular underwriting capabilities with embedded AI in the right proportions to enable rapid deployment and immediate ROI. This approach guarantees that carriers can scale with AI technologies and get benefits right from the start.”