Chisel Wins Gold at Zurich Innovation World Championship
Summary
TORONTO--( BUSINESS WIRE )--Chisel,anAI-based technology provider for the global insurance industry, today announced it has won Gold in the inaugural Zurich Innovation World Championship . Chisel’s purpose-built AI solution for insurance impressed the jury comprised of Zurich top executives, for its ability to read insurance documents 400 times faster than a human and with significantly greater accuracy; and to address key business challenges by digitizing and standardizing high volume, routine underwriting processes allowing skilled knowledge workers to focus on deepening customer relationships and delivering a better customer experience. Chisel’s AI solution enables global insurance brokers and carriers to extract, identify and classify unstructured data from quotes, policies, endorsements, binders, applications, submissions, statements of value, and run loss reports. “It’s an honor to win gold in Zurich’s first global insurtech competition,” said Ron Glozman, CEO and Founder, Chisel. “Our team looks forward to partnering with Zurich to demonstrate how our AI engine coupled with our intelligent workflows will enable them to decrease operational costs, eliminate error-prone manual processes, accelerate quote requests, expand underwriting capabilities, and deliver more value to their customers.”