FatBrain AI (LZG International Inc.; OTC: LZGI), the leader in powerful and easy-to-use artificial intelligence (AI) solutions for start-up and mid-market businesses (SMEs), has acquired Intellagents, an innovative insuretech platform.
The FatBrain and Intellagents combination empowers businesses, brokers and insurers to leverage Peer Intelligence technologies to optimize transactions, score risk, enhance productivity and simplify actionable insights for everyone across the insurance supply chain creating never-seen-before opportunities for growth.
“We are excited to welcome Intellagents into the FatBrain family,” said Peter B. Ritz, co-founder, and CEO of FatBrain AI. “Intellagents SaaS offers powerful, easy-to-use automation to accelerate Peer Intelligence growth for all participants connecting the insurance supply chain. Adding one connection per week to the insurance knowledge market, Intellagents SaaS accelerates the pace of innovation and improvement. Each such connection means actionable insights for tens of millions of businesses, hundreds of thousands of agents, many thousands of insurers and insuretechs.”
Intellagents unifies an insurance-specific integration and API management marketplace with connectors to more than 60 insurance capabilities orchestrated within minutes into unique solutions. It enables insurers and brokers to rapidly realize improvements and efficiencies across multiple domains, including client engagement; channel optimization; risk selection, pricing, and fraud mitigation; product speed to market; and “Book of Business” acquisitions.
“Our clients join a comprehensive ecosystem enabling rapid innovation and growth with a simple self-service experience to harness the power of data and AI,” said Mark Stender, CEO, and co-founder of Intellagents. “No single insurer, broker or software company can solve the challenges of the insurance industry alone. The power of many “best-in-class” insurance capabilities connecting together, each continuously learning to improve individual performance, expands the overall insurance knowledge marketplace. The latest advances in AI 2.0 technologies coupled with the burgeoning data availability accelerate this realization.”
Intellagents solutions are SOX, GDPR, and HIPAA compliant and capable of passing any compliance exam from insurers.
“We’ve seen peer data turbo-charge the market in life insurance and annuities,” said Shawn R. Carey, chief operating officer at FatBrain AI and co-founder, CTO-emeritus at iPipeline, a Roper Technologies, Inc. ( NYSE: ROP) company. “Contributory peer insights powered by AI promise to accelerate growth beyond what we realized at iPipeline. With Intellagents ecosystem, connectivity, marketplace, team, and technology we’re starting on 3rd base.”
“Our mission at FatBrain AI is to equip entrepreneurs and mid-market businesses with simple-to-use AI solutions that will help them reclaim time, save money and boost their bottom lines,” said Rajarshi Das, chief scientific officer at FatBrain AI. “Intellagents and FatBrain AI are united in this mission and eager to support the global community of businesses, brokers, and insurers.”