The people who keep insurance running are overwhelmed.

They’re doing trillion-dollar work with outdated tools — buried in PDFs and Excels, juggling manual reviews, and navigating disconnected systems. The tools and workflows haven’t changed in decades, but the demands have exploded. 

Teams are being asked to underwrite more, audit faster, and manage increased claims volume — all while ensuring compliance with everchanging regulations.

As one underwriter puts it, “We’re expected to double output with tools that weren’t designed for this scale. It’s like using a squirt gun to extinguish a wildfire.”

Meanwhile, a much bigger opportunity is sitting idle: 

90% of global insurable risk remains uninsured.

Not because it’s uninsurable, but because the workflows to access it are too slow, too manual, or too expensive to scale.

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Rethinking Insurance Tools

We’re building FurtherAI to automate the manual work that slows teams down — so they can move faster, accomplish more, and eliminate human error.

Think of FurtherAI as ChatGPT for insurance that automates complex workflows, such as submissions processing, policy comparison, underwriting audits, and more.

Our AI-native tool is already delivering real results across the insurance value chain, from insurers and reinsurers to MGAs and brokers. 

• A leading MGA doubled underwriter productivity by streamlining submission intake
• A risk exchange now audits twice as many policies with a 20% reduction in review time. 
• Meanwhile, a regional insurer accelerated policy comparisons by 95%, significantly improving speed and accuracy.

These are just a few examples of how FurtherAI is helping insurance teams.

The team behind FurtherAI brings deep expertise from top tech and insurance companies, including Microsoft, Apple, At-Bay, Travelers, and Hartford. 

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We’re Just Getting Started

Today, we’re excited to share that we’ve raised $5 million in new funding. The round was led by Nexus Venture Partners with participation from Y Combinator, Pioneer AI Fund, South Park Commons, ConvergeVC, and Xceedance.

This funding allows us to automate more high-impact workflows across the insurance value chain, build deeper system integrations, and grow the team behind FurtherAI’s rapid progress.

If your team is looking to leverage AI or you're curious about our approach, book a demo. We’d love to explore how we can help scale your operations. 

We are also expanding our team. For those passionate about AI and eager to tackle real-world problems, check out our career page.

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