ResiQuant
About ResiQuant
ResiQuant provides an AI-driven platform that automates property submission processing and enriches data with up-to-date building characteristics, ensuring accurate and efficient underwriting. By serving as a single source of truth for property data, it enables insurance carriers to manage the entire data lifecycle, enhancing portfolio insights and long-term profitability.
```xml <problem> Insurance carriers face challenges in efficiently processing property submissions and accurately assessing risk due to reliance on manual data entry, unstructured documents, and outdated building characteristics. This can lead to errors in underwriting, incomplete portfolio insights, and ultimately, reduced profitability. </problem> <solution> ResiQuant offers an AI-powered platform that automates the ingestion and processing of property submissions, extracting key data points from various document types, including handwritten ones. The platform enriches this data with up-to-date building characteristics, incorporating structural engineering expertise and knowledge of evolving building codes and ordinances. By providing a single source of truth for property data, ResiQuant enables insurance carriers to gain comprehensive portfolio-level insights, improve underwriting accuracy, and enhance long-term profitability. The system converts building characteristics to RMS and Verisk model inputs. </solution> <features> - Automated submission intake using advanced computer vision to process unstructured documents. - Multi-file upload supporting various file types with drag-and-drop functionality. - Submission scoring to vet data quality and coverage. - Data enrichment with up-to-date building characteristics, including primary and secondary modifiers. - AI models trained on structural engineering inspection procedures. - Dynamic data source reflecting new retrofits, permits, and local ordinance changes. - Portfolio-level insights and regulatory updates in real-time. - Conversion of building characteristics to RMS and Verisk model inputs. </features> <target_audience> The primary target audience is insurance carriers seeking to automate property submission processing, improve underwriting accuracy, and gain deeper insights into their book of business. </target_audience> ```
What does ResiQuant do?
ResiQuant provides an AI-driven platform that automates property submission processing and enriches data with up-to-date building characteristics, ensuring accurate and efficient underwriting. By serving as a single source of truth for property data, it enables insurance carriers to manage the entire data lifecycle, enhancing portfolio insights and long-term profitability.
Where is ResiQuant located?
ResiQuant is based in San Francisco, United States.
When was ResiQuant founded?
ResiQuant was founded in 2023.
How much funding has ResiQuant raised?
ResiQuant has raised 4650000.
Who founded ResiQuant?
ResiQuant was founded by Francisco Galvis.
- Francisco Galvis - Co-Founder/CEO
- Location
- San Francisco, United States
- Founded
- 2023
- Funding
- 4650000
- Employees
- 7 employees