Kingland Announces Applied-AI Platform
Kingland Systems, an enterprise data and risk software provider, announced a new suite of applied AI solutions. The new offerings are powered by the company's Kingland Cloud & AI platform and are designed to enhance enterprise data management and regulatory compliance for its clients.
- The new platform is designed for regulated industries and combines document intelligence, structured data, and configurable workflows to automate complex, document-heavy processes. - For commercial insurance carriers, Kingland's software helps to de-risk policy pricing and streamline underwriting by integrating data from siloed systems into a single, comprehensive view. - A case study with a top-3 property and casualty insurance company highlighted how Kingland's solution addressed issues with an outdated application that created internal pricing competition among brokers and underwriters. - The platform provides advanced hierarchy management, allowing underwriters to better understand complex relationships between businesses and individuals to identify potential risk exposure. - Its configurable workflows and a purpose-built rules engine give insurance teams control over their underwriting data and processes. - Kingland's technology is built to handle millions of client data records and their associated relationships, which can help insurers write policies faster and more accurately process claims. - The company has a history of working with highly regulated industries, including providing the technology for the Depository Trust and Clearing Corporation's (DTCC) Legal Entity Identifier (LEI) utility. - The AI platform is not a single-purpose tool but is designed to scale across various use cases, which allows for a more controlled adoption of new AI technologies as they evolve.
