Gore Mutual integrates underwriting practice with AI tech

Property and casualty (P&C) insurer Gore Mutual has partnered with global tech firm Element AI to integrate the Element AI Underwriting Partner software product with Gore Mutual’s underwriting practice. The integration uses artificial intelligence (AI) technology to augment risk assessments and reduce data entry time for underwriters. It was created using Gore Mutual proprietary data, with both companies working together to build the necessary data sets and learning models needed to begin augmenting underwriting decisions. “As a 180-year old insurance company, we have a massive inventory of unstructured data, but we estimate that about only 20% of it is being used,” said Sean Christie, CIO and VP of information services at Gore Mutual. “Collaborating with Element AI to integrate the latest AI technology is a bold, disruptive move that we believe will benefit our insurance broker partners and customers by working alongside our underwriters to create a competitive edge from all that unused data.