Head-to-head comparison
lockton re vs Ascend
Ascend leads by 22 points on AI adoption score.
lockton re
Stage: Early
Key opportunity: Deploy a generative AI underwriting assistant that synthesizes submission data, broker notes, and market appetite to auto-generate tailored reinsurance placement slips, reducing turnaround time by 60%.
Top use cases
- Automated Submission Triage — Use NLP to extract key risk attributes from broker submissions and automatically match them to reinsurer appetite, prior…
- Generative Placement Slips — Leverage LLMs to draft complete reinsurance slips from structured data and broker notes, ensuring accuracy and complianc…
- Predictive Claims Analytics — Build machine learning models on historical claims data to forecast loss development and identify emerging risk trends f…
Ascend
Stage: Advanced
Key opportunity: Automated Claims Triage and Initial Assessment
Top use cases
- Automated Claims Triage and Initial Assessment — Insurance claims processing is a high-volume, labor-intensive function. Automating the initial triage and assessment of …
- AI-Powered Underwriting Support — Underwriting involves complex risk assessment based on vast amounts of data. AI agents can analyze applicant information…
- Customer Service Chatbot for Policy Inquiries — Many customer service interactions involve repetitive questions about policy details, billing, or claims status. An AI c…
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