Groundspeed

Unlock the Power of AI for Underwriting

Groundspeed by Insurance Quantified automates submission ingestion, leveraging AI to help you tackle challenges like overwhelming submission volume, slow and costly manual submission processing, and limited data access.

The Data You Need,
When You Need It

Our technology and insurance experts work with your team to design the right approach to access your data. Together, we’ll create a step-by-step plan that seamlessly implements our technology to empower your team to focus on underwriting.

Product Packages

Groundspeed AI

Groundspeed AI Advanced

Document Ingestion
Ingests submission data from broker emails, loss runs, exposure schedules, and industry-specific documents via API, SFTP, or email.
AI Data Labeling
Classifies, annotates, cleans, and structures submission data using AI models.
Transparent Delivery
Provides transparent delivery with visibility into data provenance and submission pipeline.
Automated Enrichment
Normalizes, enhances, and enriches submission data with predictive models, with an option for additional first- and third-party data, and flags data inconsistencies for review.
Submission Prep
Identifies duplicates, selects submission candidates, and automates routing and placement.
Triage
Enables rules-based ingestion, submission prioritization, scoring, and stage-based delivery with customizable automation.

Demo loss run ingestion with your own data

Use Cases

How Commercial Underwriters Use Groundspeed

Commercial P&C carriers and MGAs use Groundspeed to support the full spectrum of data and workflow needs throughout the pre-underwriting process.

Reduce Time to Standardize Loss Profile

Loss Run Automation

Standardize loss analysis to help evaluate an account’s risk profile

Uncover Trapped & Incomplete Data

Setup & Clearance/Account Prep
Set up and clear accounts quickly to drive down time to quote

Streamline Workflow Processes

Triage & Prioritization
Prioritize submissions quickly and confidently

Our Expertise Quantified

Models trained on 10 billion+ data points
0 B+
Automated submission data extraction in 3 minutes
0 min
Nearly 2 million documents processed/year
0 M

Groundspeed’s AI capabilities optimize productivity for both our underwriters and our agent and broker partners.

Bill Devine
Senior Vice President of Business Insurance

Groundspeed has been a tremendous asset because of its speed, and you can trust the data.

David Simmeth
Senior Vice President and CIO

We are committed to employing innovative enterprise-wide technology solutions that support our underwriters to make more timely and effective risk decisions. With SubmissionIQ, we are equipping our underwriters with the data they need to make smart and strategic risk assessments. We are excited this new tool will further empower our decision-making and support us in implementing best-in-class business processes.

John F. Jennings
Chief Executive Officer

As insurance carriers and MGAs continue to navigate through their digital transformations and embrace the applications of data science and ever-advancing technology, Insurance Quantified brings to market a new and sophisticated data science-driven underwriting solution that will help reshape the art of underwriting. I look forward to helping the company further shape its groundbreaking solutions and build on its innovative foundation.

Jay Nichols
Former CEO Axis:Re and Strategic Advisor to Insurance Quantified

Frequently Asked Questions

Groundspeed leverages AI, ML and NLP technologies on a “narrow basis” to extract data from loss runs, exposure schedules, emails and more automatically and accurately. The “narrow basis” means that Groundspeed uses various techniques per document type and data type to extract data reliably and accurately. Groundspeed maintains one of the largest commercial insurance training datasets and uses that data to develop and train its models.
We combine technology and people to deliver the best commercial insurance industry-focused solutions in the market. From our human-in-the-loop workflow to our underwriting success team, we believe that a client-centric partnership approach of ongoing support and transformations is key to our joint success. We have combined a team of data wrangling experts and underwriting alums to create a one-of-a-kind approach that leverages the full power of data in insurance workflows.
Groundspeed’s AI is incredibly precise and supported by one of the largest commercial insurance datasets. Additionally, Groundspeed uses a human-in-the-loop process to handle any data that needs validation, ensuring that the data Groundspeed returns is accurate, validated and ready for use.
In addition to data extraction, Groundspeed energizes data by fusing in third-party data (e.g., geocoding) as well as enhances the data with Groundspeed models. For example, if the line of business or line type is missing, Groundspeed can make predictions and populate those fields based on the other contents of a loss run. Groundspeed accelerates access to data and provides you with even more knowledge to reduce human intervention and mundane tasks.
Find Your Edge

Start your journey with Groundspeed today