Calibris provides an AI-enabled SaaS platform designed to automate and simplify statistical regulatory reporting for Property & Casualty insurance carriers. The platform features an AI-powered rules engine and seamless integration capabilities to manage carrier-specific requirements and ensure standards compliance. This automation significantly reduces the manual effort, IT burden, and associated costs typically involved in mandatory reporting workflows.
Funding
Funding not disclosed
Founders
Product
Problem
Property and Casualty (P&C) insurance carriers face significant operational overhead and compliance challenges associated with mandatory statistical reporting. Existing processes often require extensive manual data manipulation, specialized IT infrastructure, and dedicated personnel, leading to high costs and potential for errors.
Solution
Calibris offers an AI-enabled Software-as-a-Service (SaaS) platform designed to automate and simplify the P&C insurance statistical reporting workflow. The platform integrates with existing carrier systems, leveraging a proprietary rules engine to map and transform data, ensuring compliance with regulatory requirements and direct reporting to statistical agents. By automating the end-to-end reporting process, Calibris significantly reduces manual intervention, operational costs, and the need for specialized infrastructure, allowing carriers to achieve compliance more efficiently.
Target Audience
The primary customers are P&C insurance carriers seeking to streamline their mandatory statistical reporting processes and reduce associated operational costs and compliance risks.
Features
- AI-powered rules engine for flexible data mapping and transformation, accommodating various data formats and completeness levels.
- Direct reporting capabilities to statistical agents, ensuring adherence to industry standards and regulatory mandates.
- Seamless integration with existing carrier systems and third-party platforms to eliminate manual data processing.
- End-to-end automation of the reporting workflow, minimizing manual intervention and operational overhead.
- Enterprise-grade data security, including encryption, access controls, and adherence to industry privacy standards.
- Cloud-native SaaS architecture for scalability and reduced IT infrastructure burden.
- LLM technology integration for adaptive platform functionality and requirement management.