Accelerant announces public launch of digital platform
Accelerant Holdings, “the private equity-backed unicorn” focused on the specialty insurance market, announced the public launch of its digital platform, app.accelerant.ai. Since 2023, Accelerant’s MGA members and internal teams have leveraged the digital platform for comprehensive risk analytics. Now insurers and risk capital partners can use the same “powerful tools” to optimize risk management and drive “superior underwriting results.”
In addition to expanding access to its digital platform, Accelerant has unveiled new AI-driven risk scoring capabilities that will allow specialty underwriters on its Risk Exchange to receive real-time feedback on the relative quality of an underlying risk. These advancements are the latest in Accelerant’s growing portfolio of AI and machine-learning products, which include:
- Portfolio-level risk monitoring, which actively identifies unexpected variances across the $2.4 billion premium currently on Accelerant’s Risk Exchange
- Large Language Model claims assessment, which analyzes raw claims event data to reduce claims expenses
“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.” – Jeff Radke, CEO and co-founder of Accelerant.
“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. 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.” – Matt Sternberg, COO of Accelerant’s Risk Exchange business.
