US based, R.E. Chaix selects Intellect's end-to-end underwriting ecosystem, eMACH.ai Xponent, to manage and underwrite submissions

IntellectAI, the Insurtech business unit of Intellect Design Arena offering AI and data-powered underwriting solutions, announced that US based R.E. Chaix has signed on as the latest client for IntellectAI's end-to-end wholesale underwriting and distribution ecosystem, with its set of MGAs.

As a wholesale broker, R.E. Chaix understands that continuous innovation is essential in today's competitive insurance landscape. R.E. Chaix selected IntellectAI to help them grow both sides of their business while meeting the rising demands of speed, accuracy, and customer experience. By incorporating advanced efficiency and automation capabilities into the underwriting lifecycle, they aim to streamline critical processes, enabling their underwriters to make faster, more informed decisions.

IntellectAI's wholesale and distribution ecosystem is a highly configurable, feature-rich AI-powered, end-to-end workbench for account-centric underwriting built on the Purple Fabric platform and enhanced by eMACH.ai framework. Purple Fabric is an advanced enterprise AI platform that uses a low-code, self-service approach to enable enterprises to quickly build and implement AI solutions. This strategy reduces costs and time investment while fostering creativity.

R.E. Chaix CEO Tim Chaix stated: "In today's fast-evolving insurance environment, staying ahead of the curve requires the right technology partner. We chose IntellectAI and their eMACH.ai Xponent ecosystem because of its robust capabilities, flexibility, and proven ability to transform the underwriting process." Chaix continued by saying, "By leveraging their platform, we aim to enhance operational efficiency, make data-driven decisions faster, and deliver even greater value to our clients. IntellectAI stood out for their deep industry expertise, innovative approach, and dedication to our shared vision of advancing the wholesale and MGA sectors."

Commenting on the R.E. Chaix win, Banesh Prabhu, CEO, IntellectAI, said "We are thrilled to welcome R.E. Chaix as a new IntellectAI customer. Their ambition to exponentially scale their business aligns perfectly with our commitment to empower wholesale brokers and MGAs with transformative technology. By using eMACH.ai Xponent, R.E. Chaix is not only embracing the future of intelligent underwriting but also advancing the industry's standard of service and responsiveness. We are honored to support them in this journey and look forward to making a meaningful impact together."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 902.05 as compared to the previous close of Rs. 919.30. The total number of shares traded during the day was 29290 in over 1506 trades.

The stock hit an intraday high of Rs. 942.00 and intraday low of 899.00. The net turnover during the day was Rs. 26763452.00.

Source : Equity Bulls

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IntellectDesignArena INE306R01017 IntellectAI REChaix