A broker submits the documents and information of a technology company to an insurance provider. The insurer's underwriter then performs a risk assessment before providing an estimate and determining the conditions of the insurance policy.
Bring the complete submission into the assessment
The submitted information may include company documents, relevant entities, previous insurance policies, past claims, subsidiaries, and external risk information such as the current level of cyber threats.
Review relationships between extracted risk factors
AI can already extract and summarize much of this information, but the larger challenge is connecting the information and understanding how all of these factors influence the company's overall risk.
Questions the underwriter can ask
The underwriter can ask:
- “Summarize the major risk changes since last year's policy.”
- “Which claims are related to subsidiaries of this company?”
- “Show the evidence supporting this cyber-risk assessment.”
Review related risk evidence and policy terms
Consilience can connect company information, previous policies, claims, subsidiaries, and external risks in one knowledge graph. This can support the creation of a more complete and appropriate insurance policy.
Try this workflow with your documents
Learn the steps behind this workflow, then try them with your own sources.
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