Qumis operates in the intersection of insurance and artificial intelligence. The company provides a platform built to serve commercial property and casualty insurance professionals, including brokers, carriers, and claims practitioners. Its core technology is rooted in natural language understanding, specifically trained on legal and insurance terminology.
The firm's primary offering is its Coverage Intelligence Platform. The system is designed to analyze insurance policies, compare terms across documents, and produce detailed insights. According to the company, this process generates results in seconds, a task that traditionally requires hours of manual review. The platform draws on a benchmarking database comprising thousands of insurance programs.
Qumis was founded by insurance attorneys, and the company states its focus is on solving fundamental problems within the industry. Its users include several industry-leading firms. The company operates in the insurtech sector, applying AI to the specific workflows of commercial insurance analysis.
