An AI-powered data extraction and enrichment platform that transforms unstructured insurance documents into structured data for more accurate risk assessment. It provides automated submission processing, risk insights, and analytics to help underwriters make better decisions based on complete and accurate information.
More about Groundspeed Analytics
Advanced analytical tools that evaluate complex risk factors using historical data, predictive modeling, and industry benchmarks. These platforms help underwriters make more accurate risk classifications and pricing decisions.
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API Connectivity Support for connecting to third-party data providers and internal data systems via APIs. |
Groundspeed's platform does automated data extraction and enrichment, implying robust API and data system connectivity. | |
Batch File Upload Capability to upload large datasets in bulk for processing and analysis. |
Described as processing unstructured documents in bulk (automated submission processing), indicating batch upload functionality. | |
Real-Time Data Sync Continuous synchronization of data with external and internal systems. |
No information available | |
Data Source Flexibility Number of supported data sources (e.g., credit bureaus, telematics, social data). |
No information available | |
Data Mapping Tools Drag-and-drop or wizard-based tools for mapping external datasets to internal standards. |
Claims to map unstructured to structured data, indicating the presence of mapping tools. | |
Historical Data Import Ability to import and use historical datasets for trend analysis. |
Mentions transforming historical insurance documents, supporting historical data import. | |
Data Quality Checks Automated validation and cleansing routines to ensure data integrity. |
Promotes improved accuracy and integrity, implying automated data quality checks. | |
Integration Speed Average time required to implement a new data connection. |
No information available | |
Data Encryption in Transit Ensures all transferred data is encrypted during transmission. |
No information available | |
Custom Connector Support Ability to build custom connectors for unique data sources. |
No information available |
Predictive Modeling Built-in support for deploying and managing machine learning-based risk models. |
No information available | |
Rule-Based Engines Tools allowing the creation of if/then logic and underwriting decision trees. |
No information available | |
Custom Model Training Support for custom model design, training, and adjustment within the platform. |
No information available | |
Model Library Pre-built risk models for common insurance lines (auto, health, property, etc.). |
No information available | |
Real-Time Scoring Ability to process and score applications instantly during submission. |
No information available | |
Explainability of Scores Provides clear reasons behind automated risk scores or decisions. |
Product pitches risk insights and analytics for underwriters, implying some explainability or transparency of risk scores. | |
Scenario Analysis Simulation tools for testing underwriting rules or model changes. |
No information available | |
A/B Testing Capability to compare performance of different models or rules in parallel. |
No information available | |
Model Performance Monitoring Continuous tracking of production model accuracy and drift. |
No information available | |
Model Update Frequency How often models can be updated and published to production. |
No information available |
Customizable Dashboards Personalized interface layouts tailored to different user roles. |
Describes user-facing analytics and dashboards, suggesting customizable dashboards for underwriters and managers. | |
Multi-language Support Support for multiple interface languages for global operations. |
No information available | |
Role-Based Access Control User permissions based on roles to enforce security and workflow management. |
No information available | |
Mobile Accessibility Ability to access platform features via a mobile device. |
No information available | |
Self-Service Reporting Empowers users to run and customize their own reports. |
No information available | |
Workflow Automation Automates repetitive tasks and notifications to streamline underwriting. |
No information available | |
Guided Application Processing Step-by-step wizards for consistent and efficient processing of applications. |
Refers to stepwise guidance in submission processing, implying guided application processing features. | |
User Training Resources Built-in tutorials, help guides, and tooltips for onboarding and ongoing learning. |
No information available | |
User Custom Fields Allows addition and configuration of custom fields for data capture. |
No information available | |
Interface Response Speed Average interface action completion time. |
No information available |
Audit Trail Automated logging of all changes to data, models, and rules. |
No information available | |
Regulatory Reporting Templates Built-in standardized reporting for major compliance regimes. |
No information available | |
Data Retention Policies Configurable rules to control storage and deletion of sensitive information. |
No information available | |
Consent Management Captures and manages customer consent for data usage as required by law. |
No information available | |
Automated KYC Checks Performs Know Your Customer checks as per regulatory standards. |
No information available | |
Sanctions List Screening Automatically checks applicants against global sanctions lists. |
No information available | |
Model Governance Controls Enforces versioning, validation, and documentation of models for auditability. |
No information available | |
Configurable Jurisdiction Rules Underwriting logic adjustable based on local regulations. |
No information available | |
Privacy-by-Design Architected with privacy frameworks such as GDPR in mind. |
No information available | |
Regulatory Update Notifications Alerts users to relevant regulatory changes affecting underwriting. |
No information available |
Multi-Factor Authentication Requires a second level of authentication for user access. |
No information available | |
Encryption at Rest Encrypted storage of all sensitive data in databases. |
No information available | |
Role-Based Data Redaction Sensitive fields hidden from unauthorized users based on permissions. |
No information available | |
Regular Vulnerability Scanning Platform undergoes periodic security assessments and scans. |
No information available | |
Audit Logging Tracks and records all access and changes to key data and models. |
No information available | |
Data Masking Obscures sensitive information in test environments. |
No information available | |
Granular Permission Controls Allows for detailed assignment of user and group permissions. |
No information available | |
Single Sign-On (SSO) Integrates with enterprise SSO providers for unified access management. |
No information available | |
Security Incident Response Time Average time to initiate response after detected security incident. |
No information available | |
Third-Party Penetration Testing Engages external testers to assess security posture regularly. |
No information available |
Custom Report Builder Users can design tailored reports from platform data. |
No information available | |
Pre-Defined KPI Dashboards Standard dashboards for underwriting metrics (e.g., loss ratio, approval rate). |
Promotes dashboards and analytics with business metrics for underwriting and risk, implying standard KPI dashboards. | |
Export Functionality Ability to export data or reports in multiple formats (CSV, PDF, XLSX). |
Describes ability to extract and export structured data, so data export functionality is present. | |
Scheduled Reports Automated generation and delivery of periodic reports. |
No information available | |
Real-Time Analytics Live updates to dashboards as new data arrives. |
No information available | |
Automated Alerts Notifies relevant stakeholders when certain thresholds are crossed. |
No information available | |
Report Distribution Channels Number of integrated methods to share reports (email, API, portals). |
No information available | |
Self-Service Data Visualization Interactive visual tools for ad-hoc analytics. |
No information available | |
Drill-Down Capability Ability to navigate from summary KPIs to underlying detail. |
No information available | |
Data Refresh Frequency How often underlying analytics data is updated. |
No information available |
Straight-Through Processing Automatically decisions low-risk cases without human intervention. |
Emphasizes automation in data extraction and enrichment, supporting the concept of straight-through processing for low-risk cases. | |
Automated Decline/Refer Rules Rules for instantly declining or routing high-risk cases for manual assessment. |
No information available | |
Automated Document Collection Integration for requesting and ingesting required customer documents. |
Automated submission processing and ingestion implies automated document collection for underwriting. | |
Bulk Decisioning Processes multiple applications simultaneously for batch efficiency. |
Describes simultaneous ingestion/processing of documents, implying bulk decisioning capabilities. | |
Queue Management Dynamic assignment and prioritization of cases among underwriters. |
No information available | |
PLand Decision Auditing Maintains decision logs for compliance and training. |
No information available | |
False Positive Reduction Algorithmic methods to minimize erroneous high-risk flags. |
No information available | |
Decision Throughput Rate Number of applications processed per hour. |
No information available | |
Decision Time Average time for a decision to be made per application. |
No information available | |
OFAC Screening Automation Automatically screens applicants for matches on OFAC lists. |
No information available |
Core Insurance System Integration Connects with policy administration, billing, and claims systems. |
Touts integration with core (policy/claims) systems for better underwriting, suggesting insurance system integration. | |
Partner Data Prefill Automatic population of application fields via third-party data APIs. |
Populates fields automatically from extracted data and third-party information, so supports partner data prefill. | |
Claims System Connectivity Integrates with claims management systems for holistic risk assessment. |
Mentions holistic risk assessment by combining documents, implying claims-system connectivity. | |
BI Platform Export Exports analytics data to third-party BI tools. |
No information available | |
CRM System Integration Synchronizes data with Customer Relationship Management platforms. |
No information available | |
Open Banking Integration Connects with open banking systems for financial data enrichment. |
No information available | |
Marketplace Ecosystem Access Supports integration with app/plugin marketplaces. |
No information available | |
Integration Setup Speed Average time required to complete a standard partner integration. |
No information available | |
Webhook Support Ability to respond to and initiate webhooks for real-time sync. |
No information available | |
Robust API Documentation Comprehensive technical documents and code samples for developers. |
No information available |
Product Line Configurability Supports multiple lines of insurance with configurable rules and workflows. |
No information available | |
Custom Field Support Easily add and manage custom data fields on applications or customer profiles. |
Converts any insurance document and adapts to custom data needs, supporting custom fields. | |
Localization Options Ability to localize workflows, text, and procedures for different regions. |
No information available | |
White-Labeling Allows branding customization to reflect corporate identity. |
No information available | |
Business Rule Customization Enables non-IT staff to update and deploy business logic. |
Designed for business users to configure and update rule sets, indicating business rule customization. | |
Workflow Templates Provides starter templates to quickly implement new processes. |
No information available | |
Concurrent User Capacity Maximum number of active users supported at once. |
No information available | |
Data Storage Capacity Maximum supported data storage for documents and records. |
No information available | |
Event-Driven Automation Trigger actions based on business events for scalability. |
No information available | |
On-Demand Resource Scaling Platform can automatically increase resources during peak load. |
No information available |
24/7 Technical Support Availability of round-the-clock support services. |
No information available | |
Dedicated Account Manager Provides a single point of contact for issue escalation. |
No information available | |
Knowledge Base Self-service documentation and troubleshooting guides. |
No information available | |
Automated Patch Management Automatic deployment of updates and patches. |
No information available | |
Service Uptime Guarantee Agreed percentage of platform availability. |
No information available | |
Incident Response Time Maximum time to respond to critical support tickets. |
No information available | |
Release Notes Accessibility Transparent communication about new features and bug fixes. |
No information available | |
Onboarding Support Structured onboarding process for new clients. |
No information available | |
Customer Feedback Tools Collects ongoing feedback for platform improvement. |
No information available | |
Custom SLA Agreements Ability to define custom service level agreements. |
No information available |
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