ACORD recognizes Chisel AI’s powerful platform by crowning it the winner among early-stage companies in its 2018 InsurTech Innovation Challenge.
We harness the power of applied AI, machine learning, and natural language understanding to help commercial lines insurance carriers and brokers reimagine outdated manual processes.
While attending university, CEO and Founder Ron Glozman envisioned an app that would read textbooks and summarize the key points, reducing the time he spent studying from days to minutes. Within months, the program Ron developed was a top app on the Google App Store with downloads across 33 countries.
This was the genesis of Chisel AI’s natural language understanding platform that reads unstructured data trapped in digital insurance documents. Founded in 2016, Chisel AI went on to raise one of the largest seed rounds in Canadian history led by Venrock, a leading Venture Capital firm.
Today, we are working with some of the world’s leading commercial lines carriers, brokers, and BPO firms to automate core processes and help them write and place more business faster without adding staff.
We’ve assembled a strong and diverse dream team of former underwriters, data scientists, machine learning technologists, and seasoned software executives with experience rapidly scaling start-ups. Together, we are continuing on our mission to digitally transform insurance, and we’re ready for the next stage of growth.
Commercial insurance is a complex and multi-faceted business. Over a third of our team has an insurance background and deep subject matter expertise. We draw on domain knowledge and industry experience with top carriers like Zurich, Travelers and AXIS Capital, and our tech experience from companies like AWS, integrate.ai, The Royal Bank of Canada, NexJ Systems, Camilion Solutions (acquired by SAP), IBM and Oracle.
We are fortunate to have some of the smartest minds in AI technology and insurtech – people with a strong track record of success – in our corner as investors and trusted advisors.
We partner with industry leaders to deliver best-in-class solutions to real-world business problems. We recently joined forces with Xceedance, a global provider of strategic consulting and managed services, technology, data sciences, and block chain solutions to insurance organizations, to deliver a state-of-the art, on-demand policy checking solution for commercial insurance brokers and agents – powered by AI.