Perpendo

Perpendo AI provides advanced artificial intelligence agents specifically built for the insurance industry. These agents are designed to handle important tasks in areas like underwriting, managing claims, servicing policies, and reinsurance. They are made to work within strict rules and regulations, making them suitable for environments that need careful oversight.

Benefits

Perpendo's AI agents focus on the core principles of insurance, known as the "5R's": Risk, Rules, Relationships, Regulations, and Responsibilities. This approach helps ensure that decisions made by the AI are well-grounded in insurance practices. Using Perpendo can lead to significant improvements, such as cutting down the time it takes to complete tasks by up to 75%, increasing the rate of tasks completed automatically without human review by up to 125%, and improving decision accuracy by 10%. It also helps boost compliance by 7%. The system shows how these improvements work together, allowing for faster processes while maintaining strong controls.

Use Cases

Perpendo's AI agents can be used across the entire insurance process. This includes handling property and casualty insurance, life and annuity products, specialty insurance, and reinsurance. They help with tasks like receiving new applications, sorting risks, providing instant quotes, processing initial claim reports, and managing policy changes. Specific agents are available for tasks such as intake for life insurance applications, underwriting triage for life insurance, and managing claims for life insurance policies. They also assist with compliance checks for managing general agents and handling endorsements and service requests from brokers. The aim is to connect data, reasoning, and regulatory assurance to speed up processes, increase automatic task completion, lower claim expenses, and build more confidence in the decisions made.

Vibes

Perpendo AI is highlighted for its deep understanding of the insurance industry, developed by experts in the field. Its approach prioritizes compliance from the beginning, following guidelines from organizations like NAIC, NIST, and the EU AI Act. The outcomes are designed to be ready for audits, with clear records of how decisions were made. Perpendo combines expertise in AI, insurance knowledge, and operational improvements to deliver measurable returns on investment. Compliance, transparency, data history, and explainability are built into the agents to ensure they function correctly in regulated settings.