Previously available only to Accelerant’s MGA members and internal teams, the platform now provides the wider insurance community with cutting-edge analytics and AI-powered insights designed to drive superior underwriting outcomes.
Among its new capabilities, Accelerant’s platform includes AI-driven risk scoring that delivers real-time quality assessments for specialty underwriters on its Risk Exchange. The latest enhancement complements the platform’s suite of AI and machine learning tools, including portfolio-level risk monitoring – designed to track variances within Accelerant’s $2.4 billion premium pool – and an advanced claims assessment model that leverages Large Language Model (LLM) technology to process claims data more effectively, ultimately reducing claims-related expenses. The expansion reinforces Accelerant’s commitment to data-driven solutions in the specialty insurance sector.
Jeff Radke, CEO and co-founder of Accelerant, said: “Since our founding, we’ve focused on the audacious vision of replatforming the insurance value chain. The capabilities we’re announcing today represent a meaningful step forward for our industry – one that will perpetuate a virtuous cycle of better portfolio performance attracting more high-quality capital providers to Accelerant’s Risk Exchange. I’m incredibly proud of the years of hard work from our team to bring our digital and AI capabilities to life.” –
Matt Sternberg, COO of Accelerant’s Risk Exchange business, also commented, saying: “AI has the potential to reshape every step of the insurance value chain – but before that can be achieved, we need to clean up and capture the messy, unreliable data that plagues the industry.”
He added: “Accelerant is doing exactly that, and these latest AI capabilities are just the next step in our vision to become the trusted and transparent marketplace where risk is exchanged.”