Foundation Risk Partners, a client-focused leader in insurance brokerage and consulting, in partnership with Version 1, a leader in digital transformation, today announced ground-breaking developments with AI solutions that will allow for unprecedented quality, accuracy and speed in the processing of risk analysis reports. The innovation in this space through this unique collaboration will be unparalleled in its results, decreasing cycle times, automating low-level tasks with human validation, and significantly increasing prospect conversion rates.Foundation Risk Partners had a vision to actively investigate innovative technology and methods to alleviate time-consuming manual tasks and accelerate the speed and efficiency of client-facing deliverables. The results from a thorough discovery with Version 1 – leveraging AI, deep learning and traditional machine learning – have shown that by adopting tailored solutions, there has been up to a 90% decrease in cycle times for certain activities and an increase in prospect conversion rates of up to 50%. The added benefit of automating certain processes also results in increased accuracy across all levels of case complexity. Instead of spending time on back-office administration tasks, the team now has time to add real value to customers, performing the important tasks that only humans can, offering better customised counsel to customers and delivering those higher value tasks.“We knew there was a smarter way for us to deliver the exceptional service, growth and innovative expertise that we are respected for by our partners and clients,” said John Turner, Chief Operating Officer of Foundation Risk Partners. “Through a vigorous process we selected Version 1 as our partner to make this happen

Foundation Risk Partners, a client-focused leader in insurance brokerage and consulting, in partnership with Version 1, a leader in digital transformation, today announced ground-breaking developments with AI solutions that will allow for unprecedented quality, accuracy and speed in the processing of risk analysis reports.