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What is FurtherAI?

FurtherAI stands as a dedicated AI platform designed for the commercial insurance industry, adept at optimizing repetitive tasks such as submission intake, underwriting audits, policy evaluations, and claims management. Equipped with an AI Assistant, the platform possesses the ability to read, write, compare, classify, summarize, and analyze a variety of insurance-related documents and data, all within customizable workflows that mirror real-world insurance practices. Its design focuses on optimizing policy language, underwriting rules, and compliance requirements while enabling seamless integration with over 100 enterprise systems. Thanks to its modular and adaptable structure, FurtherAI efficiently handles submissions, audits, and policy management by utilizing a blend of advanced language models that enhance the accuracy of tasks. Furthermore, the platform features a human-AI interface that fosters collaboration and oversight, ensuring greater accuracy in managing sensitive operations. This cutting-edge methodology not only boosts operational efficiency but also significantly elevates the quality of decision-making within the insurance sector, paving the way for a more modernized approach to insurance management. Ultimately, FurtherAI represents a transformative leap forward, merging technological innovation with industry expertise.

What is Facio?

Facio offers AI-enhanced software infrastructure specifically designed for specialty insurance organizations, including Managing General Agents (MGAs). Our cutting-edge platform, FacioMGA, supports the entire lifecycle of policies, which includes steps such as submission intake, risk assessment, underwriting, quoting, binding, policy issuance, endorsements, billing, commissions, compliance, reporting, renewals, and various integrations. Clients enjoy the flexibility to tailor products, rating criteria, eligibility requirements, workflows, documents, and permissions without the necessity of reengineering their technology for each program they implement. Furthermore, Facio supplies independent services that assist with surplus-lines tax and fee calculations, SIC/NAICS classification, sanctions screening, actuarial functions, and automated processes for addressing carrier declinations. Our innovative Org2vec technology creates a memory system founded on evidence that connects policies, contracts, financial records, assets, suppliers, cybersecurity protocols, and operational data. Alongside this, Facio Eigen offers a zero-trust control framework that rigorously enforces permissions, rules, approvals, and audit trails for decisions and actions enhanced by AI. Utilizing these sophisticated technologies allows organizations to optimize their workflows, improve compliance measures, and ultimately drive better business outcomes. The integration of these tools positions us as leaders in enabling a more efficient and compliant insurance sector.

Media

Media

No images available

Integrations Supported

Duck Creek Reinsurance
Guidewire
Salesforce
Vertafore AMS360

Integrations Supported

Duck Creek Reinsurance
Guidewire
Salesforce
Vertafore AMS360

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

$65/mo./user + cloud
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FurtherAI

Date Founded

2023

Company Location

United States

Company Website

www.furtherai.com

Company Facts

Organization Name

Facio

Date Founded

1600

Company Location

United States

Company Website

www.facio.io

Categories and Features

Commercial Insurance

Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Policy Management
Quote Management
Reinsurance Administration
Risk Assessment
Underwriting Management

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