• June 24, 2021
  • News

Groundspeed and Unqork collaborate to create AI solutions for the commercial insurance industry

Groundspeed, a leading provider of SaaS-delivered smart submission and analytics solutions, and Unqork, an enterprise no-code platform, are forming a strategic partnership to provide integrated offerings to commercial insurance companies.

The integration of the two solutions enables carriers to drive better risk selection, improve time-to-quote, and better serve their customers, while dramatically increasing and accelerating their return on investment, according to the vendors.

“We are excited to partner with Unqork to help transform the commercial insurance marketplace,” said Jeff Mason, CEO of Groundspeed. “This partnership provides insurance carriers and brokers with industry-leading solutions to dramatically accelerate operational and underwriting processes, and increase their agility in the market. Through the advanced technology in this partnership, the insurance industry can focus on innovating for their customers.”

Groundspeed is transforming how carriers, brokers, and others can leverage data to boost underwriting results, reduce costs, and provide superior service. Groundspeed helps carriers unlock deeper insights from the information previously trapped in unstructured submissions. Its artificial intelligence Rapid Data Pipeline converts commercial insurance documents such as emails, applications, loss runs, and exposure schedules into enriched structured data used for underwriting, pre-fill, and analytics.

“We are extremely excited to team up with Groundspeed to help transform the commercial insurance marketplace,” said Farooq Sheikh, insurance GTM lead at Unqork. “This partnership will help commercial insurance carriers automate, streamline, and accelerate insurance submission intake, rate-quote-bind, underwriting workbench and operational processes to drive revenue and improve customer service.”

Unqork's no-code visual platform allows enterprises to build mission-critical applications that handle the complexity, scale,  and security required by modern enterprises—all without having to write a line of code.

For more information about this partnership, visit www.groundspeed.com or www.unqork.com.

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