Overview
Insurance Quantified is an AI-powered underwriting technology provider for the commercial property and casualty (P&C) insurance industry. The company provides data ingestion, enrichment, and analytics solutions that help carriers and MGAs make faster, more informed underwriting decisions. Originally co-founded as Two Sigma Insurance Quantified (TSIQ) circa 2016-2017, the company is backed by Two Sigma, a pioneer and global leader in the financial sciences.
In June 2023, Insurance Quantified acquired Groundspeed Analytics, a leading AI-powered intelligent document processing solution for insurance, creating a unified underwriting technology platform. The acquisition combined Groundspeed's document ingestion capabilities with Insurance Quantified's SubmissionIQ underwriting workbench. The company retained the Groundspeed brand as a product name within its portfolio.
Insurance Quantified's platform serves nearly half of the top P&C carriers, automating the ingestion and extraction of data from complex insurance submissions, enriching it with third-party data sources, and delivering it through a customizable underwriting workbench. The company operates from offices in New York and Ann Arbor, Michigan, with employees across three continents.
Products & Services
SubmissionIQ
End-to-end underwriting workbench that collects, organizes, and enriches submission data in a single collaborative environment.
Key Features
- Customizable UI configured per client
- Third-party data enrichment (SambaSafety, NominoData, CAB, Price Digest, NHTSA)
- Human-in-the-loop quality assurance
- API-based integration with carrier systems
- Implementation in 1-4 months
Target Users: Commercial P&C underwriters at carriers and MGAs
Groundspeed
AI-powered intelligent document processing (IDP) solution that automates ingestion and extraction of data from insurance submissions.
Key Features
- Automated submission ingestion and data extraction
- Complex document handling (loss runs, applications, SOVs)
- Proprietary AI models trained on insurance-specific datasets
- Available standalone or as foundation layer of SubmissionIQ
Target Users: Underwriting teams processing high volumes of submissions
At a Glance
- Founded
- 2017
- Headquarters
- New York, New York
- Employees
- 51-200
- Funding
- PE-Backed
Category & Focus
- Category
- AI & Automation
- Subcategories
- Underwriting Technology Document Processing Data Analytics
- Insurance Verticals
- P&C Commercial
- Target Customers
- Carriers, MGAs
Customers
- Travelers
- Berkshire Hathaway
- Liberty Mutual
- The Hartford
- Swiss Re
- Cincinnati Financial Corporation
- AF Group
- Bowhead Specialty (American Family affiliate)
- Jencap Group
- ITMA (MSIG North America)
Links
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Last updated: 2026-03-25