Description
Insurers use AI to automate underwriting of complex commercial risks — replacing multi-day manual analysis with AI-driven assessment that generates quotes in minutes.
Benefits & ROI
Hiscox (BigQuery + Vertex AI) automated complex risk quoting from 3 days down to a few minutes — described as the first AI-enhanced lead underwriting model for insurers.
Technology & data
BigQuery; Vertex AI; risk data processing; underwriting criteria encoding; pricing model.