San Francisco, United States
Pibit.AI is an innovative San Francisco-based insurtech company established in 2020, dedicated to transforming commercial underwriting for carriers and MGAs. At its core is the CURE™ platform, the industry's only centralized underwriting risk environment. This proprietary technology, supported by Y-Combinator, enhances decision-making by automating submission processing, enriching data, and highlighting risk insights.
The platform claims to streamline the underwriting process by up to 85%, boost gross written premiums (GWP) per underwriter by 32%, and improve loss ratios by up to 700 basis points. Pibit.AI's significant traction is demonstrated by its successful service to numerous clients across the U.S.
In its latest funding milestone, the company secured a $500,000 Seed Round investment on March 10, 2023, led by Arali Ventures. This investment supports the company’s mission and unique value proposition in revolutionizing the underwriting landscape through AI-driven insights.
Strategic Underwriting Solutions, an Amwins Company