Augmenting Property & Casualty Insurers with Generative AI

Multimodal automates complete P&C insurance workflows with purpose-built, explainable, and adaptable AI Agents.

Faster turnaround times

80%

workflow automation

15%

Increase in Revenue

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How Multimodal AI Agents work

Our AI Agents are a series of large language models that learn, think, and act with different built-in capabilities. We fine-tune these AI Agents on your company data and deploy them as APIs.

Document AI

Trained on your schema to extract, label, and organize data from structured and unstructured documents.

Decision AI

Ingests your internal manuals and guidelines, providing accurate data-driven decision recommendations for complex workflows.

Database AI

Access company databases to answer queries, interpret datasets, and provide actionable insights.

Conversational AI

Your in-house chatbot that accesses unstructured internal data to provide customer and employee support.

Content AI

Generates reports, policies, messages, and other documents in your company’s unique style while staying compliant with regulations.

Multimodal AI Agents automate P&C tasks with precision

Underwriting

70%

Processing TIme reduction

20%

provider directory accuracy

Risk assessment: Analyze large datasets to assess risk based on appetite, ensuring greater accuracy. 

Policy quoting: Adjust pricing dynamically based on asset classification, exposure, and product-specific appetite rules.

Document verification: Verify the accuracy and completeness of structured and unstructured underwriting documents, reducing errors.

Claims processing

80%

Reduced Claims handling time

30%

Better Fraud Detection

Fraud detection: Identify patterns indicative of fraudulent claims, reducing fraud-related loss.

Damage assessment: Use image-analysis to evaluate damage from photos submitted by the claimant.

Straight-through processing: Reduce turnaround times and workload by automating routine claims.

Customer service

80%

Response Time Reduction

15%

Increased Customer Retention

Faster inquiry handling: Address customer inquiries, provides policy information, and guides customers through claims.  

Automated policy information: Automatically assist customers with policy renewals, payments, and other routine interactions.

Personalization: Tailor communication and product recommendations to individual customers based on their data.

Regulatory compliance

50%

Reduction in Regulatory Fines

60%

Better Compliance Monitoring

Compliance monitoring: Continuously monitor transactions to ensure compliance with coverage and claims regulations.  

Reporting: Automatically generate accurate and timely reports for regulatory bodies, ensuring adherence to filing deadlines.

Why P&C insurers love Multimodal

Transparent & explainable

Our AI Agents are fully explainable, helping you track all decisions and stay compliant with coverage transparency and other regulations.

Integration & flexibility

We provide complete integration with your legacy systems and existing workbenches. Our AI Agents also learn and improve continuously.

Tailored automation

Our AI Agents are trained on your company data, increasing accuracy, customer satisfaction, and specific risk identification.

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Security first

Deployed on-prem or on your virtual private cloud, Multimodal is built to the highest enterprise-grade security standards, so no data leaves your walls.