Corporate News     25-May-23
Aspen Insurance selects IntellectAI's Magic Submission and Risk Analyst solutions
IntellectAI, an Insurtech Transformation Partner with end to end, AI and data powered underwriting solutions from Intellect Design Arena, announced today that Aspen Insurance Holdings (Aspen), a global specialty insurance and reinsurance carrier, signed on to use Magic Submission, IntellectAI's AI and Data powered Intake and Routing platform, to reduce the turnaround time of a submission between ingestion and rating. The insurer plans to use Risk Analyst for third party data enrichment to apply scoring rules and better determine appetite.

By implementing Magic Submission and Risk Analyst, Aspen plans to dramatically improve manual processes and to reduce turnaround time from days to hours in some cases, delivering standard and consistent underwriting decisions.

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