NeuralMetrics has announced the launch of its AI-powered A-Star commercial underwriting platform.
Designed to deliver responses to risk questions and to automate complex risk assessment tasks, the smart adaptive multifunctional systems agents, or SAMAs, are programmed to learn in real-time, adapting to tasks and self-calibrating for continuous improvement.
NeuralMetrics says its new platform can generate synthetic data to improve underwriting accuracy, with its proprietary triangulation of synthetic data and real-world data allowing the technology to learn and choose the best actions for accurate answers to risk questions.
“Pushing the boundaries of artificial intelligence, the NeuralMetrics A-Star AI platform enables real-time insights about risk and exposures, while ensuring strong compliance and transparency in the use of diverse, up-to-the-minute risk-quality data elements,” said Marcus Daley, technical co-founder of NeuralMetrics. “Initial implementation in commercial underwriting demonstrates a notable increase in predictive accuracy, helping our innovation journey to approach a 100% risk data recall rate. Additionally, advancements in synthetic data generation and AI agent reasoning open new opportunities in vertical industries for NeuralMetrics, enabling the company to expand into new market segments and business domains.”
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