CHICAGO (Jul. 9, 2019) - DataCubes, a leading decision automation platform for commercial P&C underwriting, announced today that Columbia Insurance Group has selected DataCubes’ AI-enabled underwriting technology to power their agent portal. Through the partnership, Columbia will utilize DataCubes’ risk analysis and decisioning tools, d3 Risk 360™ and d3 Answers™, to uncover deep underwriting insights while increasing quote accuracy and turnaround time.
DataCubes’ d3 Underwriting platform includes a data lake that aggregates over two billion data points from a broad array of internal and external sources including government entities, public records, company websites and more. With its machine learning models, DataCubes organizes and analyzes this data and automatically answers underwriting questions based on the digital footprint of a business. This enables Columbia to substantially reduce the agent's effort to obtain a quote while maintaining its high underwriting standards.
”We are proud to be helping Columbia make data-driven underwriting decisions that reduce expenses, minimize losses and provide a near real-time customer experience,” said Kuldeep Malik, DataCubes co-founder and CEO.
“We strive to be the most valuable commercial carrier in our market,” said Scott Mackey, chief underwriting officer at Columbia. “To achieve that goal, we rely on our highly talented underwriting team and their ability to build enduring, personal relationships with our customers, our agents. Our partnership with DataCubes will increase the speed and accuracy of our data collection, thereby improving our risk selection while freeing up our team to build stronger customer relationships.”
Headquartered in Schaumburg, Illinois, and founded in 2016 by Kuldeep Malik and Harish Neelamana, DataCubes is the first decision automation platform for commercial P&C underwriting. The company has revolutionized the commercial underwriting process with cutting-edge AI and data science. Commercial carriers of all sizes use DataCubes to make real-time underwriting decisions based on rich data and highly-accurate intelligence gathered by external sources to improve productivity, profitability, efficiency and accuracy. To learn more, visit www.datacubes.com.