IntellectAI teams up with InsureMO® to offer a fully integrated AIenabled underwriting and policy admin technology suite

IntellectAI, a Suite of Artificial Intelligence products from Intellect Design Arena, and InsureMO® , an insurance middle office provider for the global insurance industry, today announced a strategic partnership designed to offer a complete underwriting solution for Commercial lines carriers and MGAs looking to replace their existing policy admin system or accelerate their digital transformation by implementing automated underwriting with integrated policy admin services.

Intellect Xponent, the world's most advanced P&C underwriting platform now offers complete quote and policy lifecycle management, including ISO-based rating, through the use of InsureMO® solution. InsureMO® is a cloud-native insurance middle office platform for insurers, brokers, agents, channels, insurtechs and start-ups; enabling use cases for any product and channel.

Sandeep Haridas, Chief Strategy Officer, IntellectAI, commented "Intellect's Xponent is capable of driving underwriting sophistication at any carrier or MGA that uses any off-theshelf PAS system. But several of our prospects and existing customers asked us to extend Xponent's capabilities to include quote and policy lifecycle maintenance. InsureMO ® was a natural choice and an amazing technology fit for us. Their cloud-native, API-first approach resonated with how we build our products. With InsureMO® , the number of pre-built capabilities in Xponent jumps from 97 to more than 120! It's a big win for our customers."

Chuck Gomez, Head of InsureMO® North America, adds "IntellectAI is wellknown in the industry as an underwriting technology vendor with a very happy client base for the quality products and service that they provide to the insurance industry. Integrating InsureMO®,s cloud-native policy admin technology into IntellectAI's underwriting platform will enable their client base to leverage the most modern and high-performing policy solution on the market."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 452.30 as compared to the previous close of Rs. 446.80. The total number of shares traded during the day was 24868 in over 1089 trades.

The stock hit an intraday high of Rs. 454.05 and intraday low of 445.00. The net turnover during the day was Rs. 11155549.00.

Source : Equity Bulls

Keywords

IntellectDesignArena INE306R01017 IntellectAI InsureMO StrategicPartnership