Insurtech data company NeuralMetrics has been launched to offer data to insurers using natural language processing and machine learning. The New York-based firm said its Smart Ratio platform would use unstructured public data to provide information for underwriting, classifying and intelligent prospecting. “Insurance companies are increasingly looking at the big data, analytics and artificial intelligence (AI) tools that have become available in recent years,” says David Cohen, chief executive of Neuralmetrics. Fellow founder Marcus Daley said its main target was the small- and medium-enterprise sector.
Insurtech data company NeuralMetrics has been launched to offer data to insurers using natural language processing and machine learning. The New York-based firm said its Smart Ratio platform would use unstructured public data to provide information for underwriting, classifying and intelligent prospecting. Co-founder and CEO Prakash Vasant said the firm would help transform underwriting accuracy. Fellow founder Marcus Daley said its main target was the small- and medium-enterprise sector.