Profiles in Risk
Dan Schuleman, Co-Founder and CEO at Qumis - PIR Ep. 647
Mar 18, 2025
Dan Schuleman, Co-Founder and CEO of Qumis, shares his journey from insurance coverage attorney to tech innovator. He discusses the challenges of interpreting complex insurance policies and how AI can revolutionize the process. Dan highlights the importance of a human-in-the-loop approach to combat AI hallucinations, ensuring more accurate results. The conversation also covers simplifying Directors and Officers coverage and improving transparency in the insurance industry through innovative technology and streamlined services for brokers.
18:14
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Quick takeaways
- Qumis leverages AI to automate the reading of complex insurance policies, enhancing efficiency and accuracy in claims processing.
- The platform's human-in-the-loop approach ensures reliability by allowing professionals to verify AI-generated interpretations, balancing technology and expert judgment.
Deep dives
AI-Driven Insurance Policy Interpretation
An AI platform designed for insurance experts aims to streamline the process of reading and interpreting complex insurance policies. Traditional methods often involve sifting through extensive documentation manually, which can be inefficient and prone to errors. By leveraging advanced AI capabilities, the platform automates much of this work, allowing users to extract key insights more quickly and accurately. This innovation not only enhances productivity but also helps preserve institutional knowledge as experienced professionals retire.
