Pibit.ai

What is Pibit.ai?

Pibit.ai is an AI-native underwriting platform that automates the insurance underwriting workflow from submission to policy binding. It is built for carriers, MGAs, MGA aggregators and mutual insurers.

Key capabilities of Pibit.ai

• Intake and Clearance: Omnichannel submissions with completeness and appetite checks.
• Extraction and Research: Document data extraction and account enrichment.
• Triaging and Risk Analysis: Transparent risk scoring and queue prioritization.
• Rating and Pricing: Pre-filled rater inputs and automated quotes.
• Quote and Bind: Quote assembly synced with core systems.
• Portfolio Management: Real-time performance tracking.

How Pibit.ai works

Pibit.ai extracts structured data from submissions and attachments, checks completeness, analyzes risk signals and pre-populates underwriting systems to remove rekeying. The vendor states 99.9% field-level extraction accuracy, a 96% cut in loss run analysis time and a 70% cut in time to quote.

Who uses Pibit.ai?

Commercial P&C carriers and MGAs. The vendor names CAMICO, Kinetic, Shepherd Insurance, HDVI and Normandy Insurance. It is backed by Y Combinator, is ISO 27001 certified and is based in South San Francisco.

Pibit.ai pricing

Pibit.ai does not publish pricing. Contact the vendor for a quote.

Pibit.ai alternatives

Simplifai, Klarity and Auditoria.AI automate document and finance workflows more broadly. Pibit.ai is dedicated to underwriting.