Insurance Quantified Company Research Report

Company Overview

Name

Insurance Quantified

Mission of the Company

Insurance Quantified aims to empower commercial Property & Casualty (P&C) carriers and Managing General Agents (MGAs) to achieve scalable growth and reduce loss ratios by enhancing underwriting talent with actionable data and systematic processes. They focus on providing the right data at the right time to improve underwriting profitability and establish strong partnerships and employment appeal.

Founding Details

Founded by: Backed by Two Sigma, a global leader in financial sciences

Founding Date: No information available

Key People

Brian Modesitt: Chief Executive Officer

Shireen Braun: Chief Client Officer

John Paladino: Chief Sales Officer

Mike Tessalone: Chief Financial Officer

Jody Tracey: Chief People Officer

Jeff Tyler: Chief Technology Officer

Strategic Advisors:

David M. Siegel: Co-Founder and Co-Chairman, Two Sigma

David W. Michelson: Strategic Advisor

John “Jay” D. Nichols, Jr.: Strategic Advisor

Edward A. Sweeney, Jr.: Strategic Advisor

Jeremy Johnson: Strategic Advisor

Headquarters

201 Nickels Arcade, Suite 201, Ann Arbor, MI 48104

Number of Employees

No information available

Revenue

No information available

Known For

Insurance Quantified is recognized for its AI-driven solutions to improve underwriting efficiencies for P&C insurance, providing data analytics for better risk assessment and streamlining workflows.

Products

Groundspeed AI

Insurance Quantified’s Groundspeed AI is the core of their underwriting solutions, designed to streamline the submission processing and improve data management through artificial intelligence.

High-Level Description

Automates the ingestion and processing of submission data from multiple sources, enhancing efficiency and accuracy in underwriting.

Provides enriched data metrics and validates information to improve the workflows of commercial P&C carriers and MGAs.

Key Features

Document Ingestion: Captures data from various broker emails, loss runs, and exposure schedules via API, SFTP, or email.

AI Data Labeling: Uses AI to classify, annotate, clean, and structure submission data.

Transparent Delivery: Offers visibility into data provenance and submission pipeline.

Automated Enrichment: Normalizes and enhances submission data with predictive models.

Submission Prep: Automates identification of duplicates and processing routes.

Triage: Enables rules-based ingestion, submission prioritization, scoring, and customizable automation.

Recent Developments

Recent Awards and Recognition

Technology Innovation Award: Recognized as a Technology Innovation honoree by PropertyCasualty360 Luminaries in October 2023.

Harrington Starr’s Top 1% Workplace Awards: Shortlisted for 'Best Internal Talent Team.'

New People and Partnerships

Jeremy Johnson: Welcomed as Strategic Advisor in September 2023.

Partnership with First Light: First Light selected Insurance Quantified’s SubmissionIQ for improved underwriting efficiency in August 2023.

New Product Features

SubmissionIQ: Employed to enhance underwriting speed and accuracy by automating data handling and submission processes for partners like First Light.

New Partnerships

No further specific new partnerships details are available.

This structured report compiles the critical available information about Insurance Quantified, focusing on elements relevant to understanding their market position, product offerings, and recent advancements in the commercial insurance space.