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What is RiskRemedy?

RiskRemedy is an innovative AI-powered platform tailored for commercial property and casualty brokerages. Retail agencies, wholesale brokers, and risk consultants can effortlessly upload policies, carrier quotes, or renewal documents to receive polished, client-ready materials in mere minutes. This includes a comprehensive policy assessment that scrutinizes every endorsement while pinpointing exclusions and coverage gaps, a detailed side-by-side comparison of quotes, an in-depth renewal analysis that addresses specific forms and clauses, as well as a customized proposal that reflects the agency's unique branding. Each finding is meticulously linked to its original page, enabling producers to quickly verify the information provided. Teams utilize RiskRemedy to drastically minimize the time spent on analyzing expiring policies and crafting proposals, detect potentially damaging endorsements before they escalate into claims, and ensure that certificates of insurance align with contractual requirements. The platform is user-friendly, requiring no installation and featuring a low learning curve, empowering many teams to manage live client interactions from their first experience. Additionally, all uploaded documents are encrypted and are not used to enhance the AI, safeguarding client data, while every customer receives tailored support from commercial insurance experts. Consequently, RiskRemedy not only optimizes workflow processes but also significantly boosts the overall productivity of insurance brokerage operations, setting a new standard in efficiency within the industry.

What is Pace?

Pace functions as a platform driven by artificial intelligence, specifically designed for the insurance sector, which supports the creation, implementation, and management of agents that streamline various operational workflows. It includes a range of capabilities such as processing submissions, managing policies, handling claims, ensuring quality control, initiating first notices of loss (FNOL), generating certificates, executing endorsements, and performing data entry. These agents are adept at understanding procedures, extracting pertinent information from insurance documents, and facilitating communication through phone calls, emails, and text messages, while also interacting with APIs, web portals, desktop programs, and older systems. The platform boasts features that enhance workflow organization, provide human oversight for sensitive tasks, and maintain thorough audit trails to uphold accountability throughout processes. The agent-building utility known as Tempo within Pace empowers teams in insurance operations to describe procedures in straightforward language and to create and improve agents based on sample cases as standards. Targeting carriers, brokers, managing general agents, third-party administrators, and wholesalers, Pace aims to optimize and automate both back-office and customer service tasks, ultimately improving operational efficiency. By utilizing Pace, insurance companies are positioned to markedly decrease manual labor and elevate the quality of service delivered to their clientele, fostering a more effective operational environment. This innovative approach not only enhances productivity but also supports the transformation of industry standards in service delivery.

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Media

Integrations Supported

Integrations Supported

Guidewire

API Availability

API Availability

Pricing Information

Contact for pricing
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

RiskRemedy, Inc.

Company Location

United States

Company Website

www.riskremedy.io

Company Facts

Organization Name

Pace

Date Founded

2024

Company Location

United States

Company Website

withpace.com

Categories and Features

AI Insurance

Not specified

P&C Insurance

Not specified

Categories and Features

AI Insurance

Not specified

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