Solutions Portfolio | Insurance

AI-based Policy Admin System

RMSI’s PoliSmart™ streamlines P&C insurance operations with AI-powered automation. It extracts data from quotes, generates risk analytics, and automates the quote-to-bind workflow. PoliSmart™ is a holistic solution with automatic triggers for invoice and claims management, a built-in CRM, and multilingual, multi-regional support.

PoliSmart™ – your one-stop shop for policy lifecycle management, from initial quote to policy generation and with user-friendly collaboration features.

NatCat Risk Modeling

NatCat modeling service in a Pay-as-you-go or Analyst Equivalent Unit model

  • Provides Location-level analysis for your property portfolio by analyzing the probability of losses at the building level

  • Covers include floods, earthquakes, cyclones, urban fire, hail, etc.,

  • Returns financial outputs for the portfolio in the form of Average Annual Losses,

  • Aggregate and Occurrence Exceedance Probability tables and Event Loss tables.

  • Offered in a pay-as-you-go mode without the restriction of costly long-term licenses.

  • Powered by Nasdaq Risk Modelling for Catastrophes and Oasis based Models

  • Helps in pricing for insurance and reinsurance

Data Cleansing and Enhancement

The insurance industry data is unstructured and with large data gaps. Our AI-driven data cleansing solution excels in extracting data from placement slips and diverse formats of Statement of Values (SoV’s) supplied by brokers. We adeptly interpret various document structures, formats, and contextual nuances, ensuring accurate and efficient data extraction and data structuring with precision and speed.

Our data cleansing solution leverages advanced natural language processing and document understanding capabilities.

  • Extracts data at 66% more speed

  • Insurers can Free up analysts to focus on core underwriting needs leading to productivity gains

Enterprise Climate Risk Assessment

Enterprises today are increasingly confronting the physical risks posed to their vital infrastructure by the effects of climate change, necessitating effective solutions to mitigate these risks.

RMSI offers its Enterprise Climate Change Risk Assessment service, a comprehensive consulting solution designed to fortify your critical locations against the impacts of climate change.

Drawing from our decades of experience in executing climate risk assessment projects in 47 plus countries, we provide tailored, site-specific mitigation measures to safeguard your assets against physical and business interruption losses, including those stemming from employee absenteeism.

Key services:

  • Climate Change Risk Assessment to access the vulnerability

  • Estimation of Hazard Induced Business Interruption losses

  • Detailed actionable mitigation strategies