Pibit AI

Pibit AI is an AI-powered insurtech company specializing in transforming commercial insurance underwriting through intelligent automation. The company develops domain-specific AI systems that convert unstructured insurance documents into structured, decision-ready insights for carriers and managing general agents (MGAs).

Core Products and Services

• CURE Underwriting Platform – AI-powered centralized underwriting automation system that automates document intake, data extraction, risk analysis, and generates decision-ready underwriting assessments with full transparency and auditability

• Loss Run File Analysis – Machine learning-powered computer vision solution that transforms loss run files and unstructured submission documents into comprehensive, structured reports with actionable risk insights

• Data Enrichment Services – Automated system that enriches underwriting data by integrating external data sources with submission documents, providing underwriters with comprehensive risk intelligence

• Underwriter Productivity Tools – Workflow automation that shifts underwriters from clerical tasks to high-value risk analysis, drastically reducing quote turnaround time and increasing underwriter capacity without additional headcount

Business Model & Revenue Streams

• SaaS-based licensing model where insurance carriers and MGAs pay subscription fees for access to the CURE platform with usage-based pricing components

• Enterprise software model targeting large carriers and managing general agents seeking end-to-end automation solutions or modular components based on specific workflow needs

• Revenue generation through handling millions of submissions annually, with customers reporting billion-dollar submission volume processing without scaling operational overhead

• Targeted 3x revenue growth trajectory with primary market focus on US commercial insurance, expanding to Europe and India