Setup and Clearance
Prepare submissions with speed and accuracy
Groundspeed’s AI extracts key data fields you need to clear and set up both new and existing accounts.
Preparing submissions for quoting is a manual, time-consuming, and expensive grind.
You can’t evaluate risk until your team confirms the broker of record (BOR) and sets up the submission. That means painstakingly entering data, checking systems for the BOR, and preparing the submission for underwriting.
We can help you move faster
Our AI automatically sorts emails and attachments and extracts the key data fields you need to set up and clear new and existing accounts. And once completed, our pipeline arms you with insight into essential risk factors that help in the triage process.
So your underwriters can spend more time underwriting and issue quotes faster and more accurately.
Our Setup & Clearance product:
- Automatically classifies emails and attachments and identifies which documents contain critical data points
- Extracts key data fields to facilitate auto-clearance and account setup and expose important risk factors
- Achieves setup and clearance for a single submission at a fraction of the current time and cost
How it works
- 1. document ingestion
- 2. AI Data Labeling
- 3. Automated QA
- 4. Human Review
- 5. Enrichments
- 6. Fast Delivery
Insurance carriers submit documents to our system via API, SFTP, or email. Simple.
AI Data Labeling
Liberate underwriters from labeling. Our AI classifies, annotates, cleans, and structures data from those submission documents.
We run the captured data through a series of automated data quality and consistency checks.
Our AI flags lower-confidence data and loops in a human to confirm accuracy. This process lets us take on more complex data sources than AI-only platforms and helps us continuously improve our technology.
We normalize the data and add insight. We fuse enrichments from our machine-learning models and from relevant third-party sources for the line of business into the data set.
Our technology delivers back accurate, normalized, and enriched data, typically in under two hours, via API, SFTP, or email. Making underwriting decisions quicker, easier, and more profitable.
Get clean data from a broad range of source documents, including:
- Insured name
- Insured address
- NAICS code
- Submission date
- Need by date
- Requested coverage types
- Policy term
- Email subject
- Email recipient
- Document type
- Agent name
- Agent email
- Agency address
Built for commercial property and casualty carriers
Easy to implement and can go live within weeks
Simple API and a structured data format
Enriched with Groundspeed’s proprietary data set
Automation leads to revolutionary results
Win more business with faster time-to-quote
Scale your process and improve underwriter focus
Increase efficiency by automating data extraction