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NeuralMetrics Partners with Duck Creek Technologies on Seamless Access to Commercial Lines Underwriting Information for Insurers

NeuralMetrics, which enables actionable risk-assessment intelligence for P&C insurers, brokers, and agents, announced  it has partnered with Duck Creek Technologies the intelligent solutions provider defining the future of property and casualty (P&C) insurance, to offer carriers API access to critical NAICS code prefill for risk assessment. The partnership provides property/casualty insurers the ability to underwrite commercial lines policies quickly and accurately. Codes and data for additional lines of business, such as workers’ compensation and commercial umbrella, can easily be enabled via the partnership’s API integration.

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With the push of a button, insurers using Duck Creek Policy can now prefill essential underwriting information for quote generation, including account name, address, and NAICS 6-digit codes. The NeuralMetrics solution uses artificial intelligence and natural language processing to provide accurate, transparent data for evaluating risk eligibility, enabling straight-through processing, and reducing the time required to complete policy underwriting, quote, and binding.

“Our company’s mission is to provide a better experience for the underwriting teams of commercial lines insurers and their policyholders,” said Prakash Vasant, CEO, NeuralMetrics. “Partnering with Duck Creek gives insurers fast, easy access to imperative risk-evaluation data, results in efficient and reliable underwriting, and drives higher satisfaction and service for agents/brokers and insureds. In addition to speed and accuracy, NeuralMetrics harnesses intelligent technology to make the data sources transparent, so insurers can make quality underwriting decisions with confidence about regulatory compliance.”

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Addressing the challenges of proficient underwriting, NeuralMetrics automatically discovers and answers fundamental risk evaluation questions for commercial lines of business. The solution allows insurers access to a range of structured and unstructured data, significantly enhancing legacy and manual underwriting processes.

“Duck Creek is eager to continue enhancing its partner ecosystem with technology that equips commercial lines underwriters with instantaneous data to accelerate their speed to market and helps facilitate their growth,” said Robert Fletcher, Sr. Partner Manager, Duck Creek Technologies. “Our partnership with NeuralMetrics gives our customers a more personalized experience that is tailored to carrier-specific underwriting guidelines, questions, and strategies.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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