AI is the ‘rizz’.

Back in 2018, GoRisk posted an article that AI and deep learning would be transformational for the insurance industry.

And now, GoRisk advises Private Equity and firms on Generative Artificial Intelligence (AI) applications to the insurance industry service providers.

go back

Ages ago in 98, Cahill founded GoRisk Inc., a DE registered technology company.

Working with four PhDs from Stanford and USC, GoRisk leveraged Knowledge Representation, an AI system, to identify risk, measure risk, and synchronized risk to insurance policies.

GoRisk technology conceptualized around industry verticals, such as utilities or transportation, with each expansion development realized in half the time- creating our own version of Moore’s law. 

Much to the chagrin of the industry, the GoRisk team expeditiously developed a rating / pricing mechanism, thereby achieving an ‘E2E’ system.

GoRisk was ‘beta’ testing our operating system with Swiss Re and Willis, when capital financing turned into ice for tech, and our fledging system was frozen in time.

GO FIGURE

But now the market is ripe for insurance carriers and brokerage firms to leverage technology. Legacy firms are complacent and anchored by bureaucracies, and aged processes and systems.

Applying technology/AI in various aspects of the business, such as marketing, RFPs, risk identification, underwriting submissions, and policy issuance, can significantly enhance effectiveness, efficiency, and scalability. 

GoRisk advises investors and insurance industry participants on how AI can enhance the client-driven mission of the insurance industry service providers such as brokers.