FatBrain Acquires Intellagents, Delivering Innovative and Easy-to-Use AI Solutions Across The Insurance Ecosystem
FatBrain AI (LZGI) has acquired Intellagents, an insuretech platform, enhancing its AI capabilities for the insurance industry. This acquisition aims to optimize transactions, score risk, and improve productivity across the insurance supply chain. Intellagents’ technology connects over 60 capabilities to facilitate quick improvements in client engagement, risk selection, and fraud mitigation. The collaboration positions FatBrain to accelerate innovation, offering actionable insights to millions of businesses and brokers.
- Acquisition of Intellagents enhances FatBrain's AI solutions for the insurance sector.
- Integration of over 60 insurance capabilities for rapid improvements.
- Potential for significant growth through peer intelligence technologies.
- None.
Intellagents quickly and securely digitizes connections across businesses, brokers and insurers, and software providers, leveraging AI to score risk, maximize protection to deliver "real change and innovation" to the insurance sector.
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- 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."
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on September 13, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are based entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain's AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain's subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.
For more information, please visit: https://www.fatbrain.ai
Intellagents, LLC was formed in 2018 and has been solving insurers challenges in production flawlessly since 2019. Intellagents was founded on the principle that digital transformation requires significant improvements to an insurer's systems portfolio and that many gaps will need to be filled with AI and new innovations created by 3rd parties. Intellagents has built over 60+ connectors using unique integration and automation technologies to improve speed, personalization and agility.
For more information, please visit: https://www.Intellagents.com
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SOURCE FatBrain
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