Sixfold provides a Generative AI solution designed for insurance underwriters. The tool ingests underwriting manuals, and highlights positive, negative, and disqualifying risk factors.
It also gathers risk data from underwriting submissions, supporting documents, and third-party sources. Sixfold then generates semantic matches, summaries, and underwriting suggestions that are tailored to the users' unique risk appetite.
The tool aims to boost underwriting capacity, transparency, and enhance the accuracy in decision making. It provides complete transparency around underwriting decisions, which might be appreciated by compliance teams.
It can automate workflows by identifying patterns from various sources and uses generative AI to summarize risks in an underwriter's format. Sixfold also offers full traceability of all underwriting decisions, no mixing of data, and provides enterprise-grade security.
The tool is designed to integrate with existing technology, avoiding the need to overhaul legacy systems.
AI-Powered Underwriting: Sixfold utilizes advanced AI to automate and enhance the underwriting process, providing insights and recommendations based on extensive data analysis.
Comprehensive Risk Assessment: The application evaluates submissions by reading complex documents, scoring risks with explainable signals, and recommending the next best actions for underwriters.
Integrated Medical Insights: For life and health underwriting, Sixfold distills medical records and histories into clear summaries, highlighting impairments and risk factors for faster decision-making.
Efficiency Improvements: Users experience significant efficiency gains, including a 50% reduction in review time and a 30% increase in gross written premium per underwriter.
Seamless Integration: The platform can operate independently or integrate with existing underwriting systems, ensuring a smooth workflow within current processes.
Automates the assessment of complex medical records for life and health underwriting, reducing review time by 50%.
Provides detailed risk insights and recommendations for the next best action on every submission in property and casualty underwriting.
Integrates with existing underwriting systems to enhance workflow and efficiency without requiring significant changes to current processes.
Delivers consistent assessments across underwriters, ensuring uniformity in decision-making and reducing variability in evaluations.
Increases quote-to-bind ratios by allowing underwriters to focus on submissions most likely to convert into written premium.
Improved Efficiency: Sixfold reduces underwriter review time by 50%, allowing for faster case processing and decision-making.
Enhanced Consistency: Provides consistent assessments across all underwriters, ensuring uniformity in decision-making and risk evaluation.
Comprehensive Insights: Delivers connected insights from complex medical records, enabling underwriters to quickly understand the complete health story behind each application.
Increased Productivity: Underwriters can process more submissions without manual work, resulting in a 30% increase in gross written premium (GWP) per underwriter.
Traceability and Transparency: Offers clear documentation and in-line citations for every insight, allowing underwriters to verify details and maintain a complete audit trail.
Sixfold offers an AI underwriting solution that integrates with existing systems and can be operational on day one.
The AI Underwriter is designed to enhance efficiency, with claims of 50% improved efficiency and 30% more gross written premium (GWP) per underwriter.
The platform is SOC 2 Type II certified and HIPAA compliant, ensuring data security and confidentiality.
Sixfold's AI solution is tailored for both Life & Health and Property & Casualty underwriting, adapting to various lines of business.
The service includes features like automated data extraction, risk assessment, and recommendations for next steps in the underwriting process.
