Dundee Insurtech targets coverage gaps with new AI tools

Innovative AI Tools from Broker Insights

Broker Insights, a Dundee-based insurtech company, has launched an updated version of its VISION platform aimed at enhancing how brokers approach commercial insurance. This new iteration incorporates artificial intelligence and advanced data analytics to identify coverage gaps in businesses.

Key Features of the VISION Platform

The revamped platform allows brokers to pinpoint potential risks that businesses may not currently be covered for. By leveraging AI, it helps in assessing various factors, making it easier for brokers to propose tailored insurance solutions to their clients. This innovation is designed to streamline the insurance placement process and ensure that businesses maintain adequate coverage.

Impact on the Insurance Industry

This move signifies a growing trend within the insurance sector towards the integration of technology to enhance service delivery. The improved VISION platform may particularly benefit brokers who handle a large variety of clients, as the AI tools can analyze data at scale and provide insights that might otherwise be overlooked.

Conclusion

While the emphasis on technology’s role in risk assessment isn't new, Broker Insights’ focus on filling coverage gaps is a welcomed addition. It serves as a timely reminder for brokers to stay vigilant in ensuring their clients have the protection they need against unforeseen events.

Original Source: https://www.scottishfinancialnews.com/articles/dundee-insurtech-targets-coverage-gaps-with-new-ai-tools