NeuralMetrics, an InsurTech data provider which leverage natural language processing (NLP) technology, has announced its official launch.
The New York-headquartered company leverages NLP technology to power its real-time, alternative data engine for commercial lines general or property and casualty insurance companies.
Its SaaS platform is currently in live in production environments with several commercial lines P&C insurers, leveraging its technology to extract actionable information from hard-to-access, unstructured public data to improve decision-making and increase revenues.
The company delivers crucial data for underwriting, classification and prospecting initiatives, it does this by integrating real-time, curated datasets with existing systems to streamline acquisition.
NeuralMetrics co-founder and executive advisor Marcus Daley said, “One of the greatest opportunities in InsurTech is addressing the information gap in the SME business sector.
“The challenge has been working with big data while accurately processing models against small, public data that represents individual small businesses. Doing this efficiently represents a game changer for the industry.”
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