Automate end-to-end processes
with Generative AI

Multimodal assists insurance professionals by automating complex processes such as underwriting and claims, increasing speed and reducing costs.

4x
Faster turnaround time
80%
Cost reduction
15%
Increase in revenue
Book a Demo

Augmenting
teams in all insurance lines

Life & Annuities

Life insurance underwriting, disability assessments, long-term care benefit evaluations, and more.

Property & Casualty (P&C)

FNOL intake, bodily injury assessments, auto claims, workers' compensation case management, and more.

Accident & Health

Provider network management, benefit verification, eligibility determination, policy administration, and more.

Reinsurance & Brokers

Bordereaux and MRC document processing, risk modeling, treaty management, exposure analysis, submission tracking, and more.

Commercial Insurance

Policy administration, claims processing, underwriting, customer management, agent portals, billing and invoicing, and more.

Travel Insurance

Reimbursement for baggage loss, flight delays, medical emergencies, and more.

Who we serve

Brokers

Provider network management, benefit verification, eligibility determination, policy administration, and more.

Reinsurers

FNOL intake, bodily injury assessments, auto claims, workers' compensation case management, and more.

TPAs

Reimbursement for baggage loss, flight delays, medical emergencies and more.

Manual workflows have significant costs

$160 Billion
5-year cost of underwriting inefficiency
40%
Underwriters’ time spent on non-core administrative work
30%
Annual revenue lost due to manual claims and underwriting workflows
30%/year
Annual revenue lost due to manual claims and underwriting workflows
24 months
Time it takes for a human employee to become fully productive in complex jobs

How our AI Agents automate insurance workflows

Our AI Agents are built to handle claims, underwriting, submissions, and much more. Here's an illustrative example of how our solution improves the underwriting process.

AI solutions tailored to your company

step 1

Discovery & demo

We partner with your operations and IT teams to identify automation opportunities. Using Generative AI, we augment your underwriters, brokers, agents, and claims adjusters.
Diagnose high-impact automation opportunities
Designed for your unique challenges
Deployed to meet your growth goals
step 2

Fine-tuning & evaluation

We fine-tune open-source LLMs best-suited to your use case on your company data. We also assist with data collection and preparation to ensure accuracy and effectiveness.
Tailored to your specific workflow
High-accuracy and efficiency, augmenting experts like never before
Compliance-first approach to model development
step 3

Deployment & integration

Integrated to your workbench, our configured AI Agents are the middleware layer in your existing workflows. They continuously learn and improve, adapting to your teams’ ways.
Deployed on-prem or virtual private cloud to maintain data privacy
Native workbench integration ensures scalability and trust
Robust security and support
step 4

On-going support & updates

We offer support, maintenance, and software updates. This includes observability and explainability so your users can trace how and what actions the AI has taken.
Maximize processing capacity
Minimize IT intervention
Get reliable customer support

How we help insurance teams excel

80%
Client workflow automation
4x
Faster processing times for standard applications
80%
Decrease in cost
15%
Increase in revenue
Boost underwriting capacity

Automate repetitive tasks and free up your team to focus on complex cases, increasing throughput and reducing processing times.

Explainable decision-making

Document every step of the underwriting and claims processes, providing clear audit trails and ensuring regulatory compliance.

Efficient policy administration

Automate policy administration tasks for quicker processing and improved accuracy.

10x faster claims triage

Intelligently assess and prioritize incoming claims to allocate resources effectively and speed up resolution times.

Contextualize risk signals

Uncover patterns and connections in client data to gain a deeper understanding of risk profiles, enabling informed decision-making.

Improve straight-through processing

Increase the policies and claims that can be processed automatically, reducing manual intervention.

Security first

Deployed on-prem or on your virtual private cloud, Multimodal is built to the highest enterprise-grade security standards, so no data leaves your walls.

Comprehensive security accreditation

Regular audits and penetration testing

Continuous monitoring and secure network architecture

Security & Trust

See insurance automation live

Schedule a 30-minute demo

See how AI Agents work in real time

Learn how to apply them to your business

Discuss pricing & project roadmap

Get answers to all your questions

faq

Leave no questions unanswered

How long does it take for you to build a fine-tuned automation solution?

It takes us about 4-6 weeks to develop a POC for your specific use case and about 3 months to develop a complete solution. These timelines will vary depending on the complexity of your use case and the nature of your company data. Book a demo to get a more accurate estimate of our timeline.

Do you use robotic process automation?

We do not use robotic process automation. Instead, we build Generative AI Agents and configure them on your company data. RPA is too rules-based and rigid, which makes it unfit for complex workflows like underwriting and policy management in insurance. Gen AI, on the other hand, is flexible, intelligent, and learns continuously.

What are AI Agents?

Multimodal's AI Agents are a series of LLMs that learn, think, and act, each with a unique capability such as document processing, database querying, content generation, decision making, and conversation. We configure these before deploying them as APIs into various parts of your workflow, and they work together to automate it end-to-end.

How do you keep our data safe?

We build and deploy on-prem or on virtual private cloud so your data never leaves your systems. We ensure regular penetration tests to evaluate the effectiveness of our security measures. Our network is designed with multiple layers of security. This includes firewalls, intrusion detection systems, and network segmentation to safeguard against external and internal threats.

Do you have your own app or platform that I have to use instead of my current platform?

No, we act as the middleware layer in your workflow. You can keep your existing systems as is. We also have an API-first approach, which means you do not need a separate platform to access our software. We minimize workflow disruptions through deep third-party integrations.

Do we have to provide you internal documents for model training?

We will train and build our models on your existing virtual private cloud or on-prem, so while we use your internal documents for training, they do not leave your system and aren’t compromised.

How do you price your solution?

Our pricing varies based on your use case and the solution we design. To find out more about our pricing, book a free discovery call today.

How tailored is Multimodal's solution to my company?

80% of our AI Agents capabilities are pre-built. We configure the remaining 20% on your private data and your systems. This also keeps your competitive edge intact.