Hiscox has as we speak introduced that it’s rolling out its AI-enhanced lead underwriting mannequin to all of its London market brokers after a profitable proof of idea.
Initially developed in December 2023 in collaboration with Google Cloud, the brand new underwriting mannequin allows Hiscox’s sabotage and terrorism line of enterprise to considerably scale back the time taken from the submission of a threat by to the quote stage.
By combining Hiscox AI Laboratories with Google Cloud’s generative AI, the specialist insurer claims it now has the power to take away guide parts of the underwriting course of.
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