Inform yourself of real risk in minutes and write more business
Remove the grind and guesswork of assessing risk with our advanced AI models and analytics.
Accurate data, faster
We auto-extract data with accuracy and implement quality assurance, both automated and human, in every step of the process.
Our data is absorbed directly into our clients’ operations for immediate use, backed by Groundspeed’s commitment to near-perfect data.
Near-perfect data that drives better decision-making
Many of the world’s largest carriers rely on Groundspeed’s enhanced data to enable quick decisions based on an accurate picture of real risk– unlike the incomplete and unreliable data that requires extensive human quality assurance.
Our process delivers accuracy of 98%+ fast.
Data Pipeline
Our data pipeline delivers near-perfect data from insurance applications, loss runs, emails, policy forms, exposure schedules, and other document types – fast. To explore each step in the data pipeline below, please see each step for additional information.
1
The largest insurance companies and platforms connect and push documents to Groundspeed via API.
2
Groundspeed AI classifies, annotates, cleans, and structures data from insurance documents.
3
Groundspeed technology routes lower confidence values to our human-in-the-loop, leading to near-perfect accuracy.
4
Groundspeed information is fused with data from our ML models and 3rd party sources.
5
Accurate, enriched, and transformed data is delivered rapidly to customers via API.
The current manual process leads to inefficiency, missed business opportunities, and foregone revenues
Insurance Carriers
3
Spent annually to manually extract data
7
days to cycle data extraction, dragging the process
33
Foregone revenue due to lack of accurate and comprehensive risk data
Result
95
Information goes uncultured related to competition, characteristics of risk, and changes in exposure
Client Success Stories
We deliver ROI from better underwriting, improved analytics, and faster speed to market
6x
ROI
TOP LINE GROWTH
Revenue cycle automation expands time to review new business
100
Added capacity
2.4
Net Savings
- Improved initial pricing turnaround by 95%
- 10% increase in underwriter time to review target accounts
10x
ROI
BETTER UNDERWRITING
Groundspeed removes human error and enables advanced risk analysis
3.3
Annual Net Savings
- Improved data accuracy from 88% to 98%
- ML model-based claim data enrichments
- Better risk categorization
2x
ROI
LOWER HEADCOUNT
Groundspeed eliminates data extraction and entry tasks
3
Annual Net Savings
- Improved initial pricing turnaround by 95%
- 10% increase in underwriter time to review target accounts
10x
ROI
INCREASE WIN RATE
Groundspeed reduces time to quote by days
10
Premium Increase
- Faster turnaround and increased access to data increases win rate.
- For every $100m in potential premiums, there is an increase of $10m in premiums.