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What is Qumis?
Qumis provides a sophisticated solution for navigating the complexities of insurance policies. Leveraging cutting-edge artificial intelligence, this platform is purpose-built to assist professionals in dissecting and understanding intricate insurance documents. Designed by attorneys, Qumis aims to deliver insights with law-firm caliber precision, transforming the often arduous task of policy review into a more manageable and efficient process.
The platform caters to a wide range of insurance professionals, including brokers, claim teams, attorneys, and risk managers, across all lines of insurance from property and casualty to specialty. It translates dense policy language into actionable intelligence, facilitating smarter decision-making. Qumis streamlines various workflows, from initial policy checks to claim coverage analysis, enhancing both accuracy and operational speed. User data security is a priority, with measures in place to ensure document confidentiality through certified cloud and AI service providers.
Features
- Policy Chat: Engage with an AI-powered Qumis Clerk to ask questions about policies and claims.
- Policy Comparison: Rapidly compare multiple insurance policies and receive detailed analytical reports.
- Claim Coverage Analysis: Automatically determine if a specific complaint is covered under an insurance policy.
- Precedent Search: Instantly find matching documents or clauses by highlighting text within a policy.
- Expert-Level Insights: Delivers analysis with the precision and rigor expected from top legal professionals in insurance.
- Streamlined Workflows: Simplifies and unifies insurance-related tasks, from policy review to claims processing, enhancing efficiency.
Use Cases
- Analyzing complex insurance policies for intricate risks.
- Enabling brokers to instantly find coverage limits, gaps, and wording recommendations.
- Assisting claim teams in sharing knowledge and assessing coverage efficiently.
- Helping attorneys with policy review and coverage analysis.
- Allowing risk professionals to conduct lawyer-level policy review on complex placements.
- Comparing different insurance policies to identify key differences and details.
- Determining if a specific claim is covered under an insurance policy.
- Searching for relevant precedents within policy documents.
FAQs
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Does Qumis fully automate coverage analysis?
No. With Qumis, human intervention is always required. Qumis is an AI-powered knowledge platform designed to let you and your team access the right information needed to come to a decision, all without duplicative legal spending. -
Do you train using my data?
No. The Cortex intelligence engine has been trained using insurance documents from the public court records. Our data strategy does not need or rely upon your data. -
Whose documents can I access?
Your organization’s documents are only accessible by users within your organization. The Corpus is composed of these private documents plus public court filings and coverage documents. -
What document formats can I upload?
Qumis currently supports PDFs. We are working toward expanding compatibility for additional file types and integrations into common document management and claims management systems. -
How secure are my documents with Qumis?
Security is central to Qumis. Uploads to the Corpus stay confidential. Our cloud service provider is ISO27001, SOC 2, and SOC 3 certified. Our AI service provider is SOC 2 and SOC 3 certified. Qumis is working towards SOC 2 Type 2.
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