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Groundspeed

Maximize Your Underwriting Edge

Groundspeed systematically delivers submission data and automates business logic to enable faster coverage decisions, more agile product innovation and significant risk reduction.

Elevating the
Art of Underwriting

Insurance Quantified works with visionary insurance leaders who want to be more data driven in their underwriting and risk selection. We incorporate the latest AI and data science techniques combined with superior client focus to help underwriters evolve their businesses through more accurate, informed and consistent decisions. By capturing and analyzing all structured and unstructured data, Insurance Quantified delivers actionable insights that drive a deeper understanding of the individual and overall portfolio-level risks across commercial P&C carriers and MGAs, enhancing decision-making and improving profitability. We are supporting the insurance companies that will be the leaders of tomorrow.
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Use Cases

How Commercial Insurers
Use Groundspeed

Commercial P&C carriers and MGAs use Groundspeed to support the full spectrum of data and workflow needs throughout the pre-underwriting process

Trapped & Incomplete Data

Setup & Clearance
Set up and clear new and existing accounts with ease
  • Automatically classify and ingest emails, forms and other documents to extract the critical data points in 3 minutes
  • Flag submissions for incomplete data and clearance deduplication
  • Deliver incremental data to underwriters as a submission advances through the underwriting process and more documents become available from broker

Slow, Cumbersome Processes

Triage & Prioritization
Review submissions quickly and confidently
  • Dynamically qualify, prioritize and route a submission based on specific data fields
  • Apply business rules to qualify and score submissions to evaluate more submissions in less time
  • Customize data points from documents and third-party sources to prioritize submissions

Profitability & Growth Constraints

Risk Assessment & Loss Insights
Accelerate analysis of risk and losses by automatically equipping underwriters with the right data when they need it
  • Systematize and normalize exposure data in minutes
  • Enrich extracted data with first- and third-party data for a complete risk profile
  • Receive comprehensive, normalized loss history data in hours
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Underwriting
Driven by Data

Underwriting insurance is complex. We believe it requires a multi-layered solution. Built from the beginning for insurance, Groundspeed combines the latest AI and machine learning techniques with expert insurance-domain problem solving to deliver solutions to your challenges.
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01.

Document Ingestion
Insurers send documents like insurance applications, broker emails, loss runs, exposure schedules and other industry-specific documents to Groundspeed via API, SFTP or email.

02.

AI Data Labeling
Our models classify, annotate, clean and structure data from insurance documents, freeing underwriters from time-consuming data entry.

03.

Automated Enrichment
Data is normalized, enhanced and enriched using our proprietary predictive models as well as first- and third-party data flagging inconsistencies for the team to review.

04.

Submission Prep
Submission data is presented for preparation to identify duplicates, submit broker data requests and select candidates. Instead of underwriters waiting for submission data, leverage Insurance Quantified to build out completion rules or automated routing and placement.

05.

Triage
Remove talent bottlenecks in the triage process with data-driven automation using customizable business rules to drive rules-based ingestion, submission prioritization, scoring and stage-based delivery.

06.

Transparent Delivery
The completed data is delivered back to your systems with full transparency into the source, state and processing time in hours via API, SFTP or email. All data is turned into an asset the team can leverage to monitor pipeline, operational and distribution performance.

01.

Document Ingestion
Insurers send documents like insurance applications, broker emails, loss runs, exposure schedules and other industry-specific documents to Groundspeed via API, SFTP or email.

02.

AI Data Labeling
Our models classify, annotate, clean and structure data from insurance documents, freeing underwriters from time-consuming data entry.

03.

Automated Enrichment
Data is normalized, enhanced and enriched using our proprietary predictive models as well as first- and third-party data flagging inconsistencies for the team to review.

04.

Submission Prep
Submission data is presented for preparation to identify duplicates, submit broker data requests and select candidates. Instead of underwriters waiting for submission data, leverage Insurance Quantified to build out completion rules or automated routing and placement.

05.

Triage
Remove talent bottlenecks in the triage process with data-driven automation using customizable business rules to drive rules-based ingestion, submission prioritization, scoring and stage-based delivery.

06.

Transparent Delivery
The completed data is delivered back to your systems with full transparency into the source, state and processing time in hours via API, SFTP or email. All data is turned into an asset the team can leverage to monitor pipeline, operational and distribution performance.
Request a Demo

Groundspeed’s AI capabilities optimize productivity for both our underwriters and our agent and broker partners.

Bill Devine
Senior Vice President of Business Insurance

Groundspeed has been a tremendous asset because of its speed, and you can trust the data.

David Simmeth
Senior Vice President and CIO

We are committed to employing innovative enterprise-wide technology solutions that support our underwriters to make more timely and effective risk decisions. With SubmissionIQ, we are equipping our underwriters with the data they need to make smart and strategic risk assessments. We are excited this new tool will further empower our decision-making and support us in implementing best-in-class business processes.

John F. Jennings
Chief Executive Officer

As insurance carriers and MGAs continue to navigate through their digital transformations and embrace the applications of data science and ever-advancing technology, Insurance Quantified brings to market a new and sophisticated data science-driven underwriting solution that will help reshape the art of underwriting. I look forward to helping the company further shape its groundbreaking solutions and build on its innovative foundation.

Jay Nichols
Former CEO Axis:Re and Strategic Advisor to Insurance Quantified

Frequently Asked Questions
Groundspeed leverages AI, ML and NLP technologies on a “narrow basis” to extract data from loss runs, exposure schedules, emails and more automatically and accurately. The “narrow basis” means that Groundspeed uses various techniques per document type and data type to extract data reliably and accurately. Groundspeed maintains one of the largest commercial insurance training datasets and uses that data to develop and train its models.
We combine technology and people to deliver the best commercial insurance industry-focused solutions in the market. From our human-in-the-loop workflow to our underwriting success team, we believe that a client-centric partnership approach of ongoing support and transformations is key to our joint success. We have combined a team of data wrangling experts and underwriting alums to create a one-of-a-kind approach that leverages the full power of data in insurance workflows.
Groundspeed’s AI is incredibly precise and supported by one of the largest commercial insurance datasets. Additionally, Groundspeed uses a human-in-the-loop process to handle any data that needs validation, ensuring that the data Groundspeed returns is accurate, validated and ready for use.
In addition to data extraction, Groundspeed energizes data by fusing in third-party data (e.g., geocoding) as well as enhances the data with Groundspeed models. For example, if the line of business or line type is missing, Groundspeed can make predictions and populate those fields based on the other contents of a loss run. Groundspeed accelerates access to data and provides you with even more knowledge to reduce human intervention and mundane tasks.
Find Your Edge

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