What is Sixfold?
Sixfold provides a specialized artificial intelligence solution focused on risk assessment for the insurance industry. It caters to insurers, MGAs, and reinsurers, aiming to significantly improve the underwriting process. The platform works by first securely ingesting and understanding an organization's unique underwriting guidelines and risk appetite within an isolated environment.
Subsequently, Sixfold gathers relevant risk data from applications, supporting documents, and external sources like the web and third-party providers. It then delivers tailored risk insights, highlighting relevant submissions, identifying key risk factors, and summarizing complex data into clear language. A core principle of the platform is transparency, offering full traceability for every insight generated, ensuring compliance and building trust in its AI-driven assessments.
Features
- Guideline Ingestion: Securely processes underwriting manuals to understand unique risk appetite.
- Risk Data Extraction: Gathers risk data from applications, documents, web, and third-party sources.
- Tailored Risk Insights: Provides insights aligned with specific risk preferences.
- Submission Triage: Highlights incoming submissions that best match risk appetite.
- Risk Signal Detection: Identifies positive, negative, or disqualifying risk factors.
- Inconsistency Identification: Spots discrepancies in data across various sources.
- Data Summarization: Synthesizes risk data into simple language summaries.
- Transparency & Traceability: Offers full sourcing and lineage for all underwriting decisions.
- AI Accuracy Validator: Allows evaluation of the platform's accuracy.
Use Cases
- Improving insurance underwriting efficiency.
- Enhancing risk assessment accuracy for insurers.
- Automating data gathering for underwriting applications.
- Prioritizing insurance submissions based on risk appetite.
- Generating compliance-friendly, traceable underwriting insights.
- Applying AI for risk analysis in P&C, Speciality, Life & Disability, and Reinsurance.
- Streamlining risk factor identification and summarization.
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