AI is here
For a while it has been helping us in peripheral (mostly coding and operations), limited ways. But now it really is getting better. Good enough that we are now applying it to validate and obtain company contact information such as web addresses, phone numbers and contact personnel. It is near flawless at industry categorization (reported class/NAICS codes not overridden) and has been trained to provide an insurance/risk specific narrative on the business.
By now we’ve completed AL and LA, they needed the most help data wise and made for easy initial testing. Over the next month we will prioritize 1.5MM records that lack contact information, continue testing its validation of existing data and handle the entire database in a rolling manner (i.e. process businesses renewing forward of now by 90-120 days at a cadence that matches the volume) mid to end of quarter.
Research
The Research tab provides a brief narrative on the company as well as coverage considerations based on those operations. It is bespoke to the business. For example, it may note the insured specializes in telecommunications for correctional facilities and has faced numerous class-action lawsuits.
Or that a manufacturer has an 88,000 sq. ft. facility that is ISO 9001 certified, specializing in high volume OEM production.
List Matching
We’ve added list matching for creating lists. This lets you upload a list of up to 100 businesses to be matched in the database. So upload a list, view and download the matches. Available with the Enhanced Search add-on. Access from the Tools dropdown in the header menu. There is also a link by the Company Name look up. KB Article.