Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Facio delivers AI-driven software infrastructure tailored for specialty insurance entities, including Managing General Agents (MGAs). Our innovative platform, FacioMGA, caters to the entire policy lifecycle, encompassing submission intake, risk classification, underwriting, quoting, binding, policy issuance, endorsements, billing, commissions, compliance, reporting, renewals, and integrations. Clients can customize products, rating rules, eligibility standards, workflows, documents, and permissions without the need to overhaul technology for each individual program. Additionally, Facio provides independent solutions for surplus-lines tax and fee computation, SIC/NAICS classification, sanctions screening, actuarial tasks, and automated workflows for carrier declinations. Our Org2vec technology establishes a memory backed by evidence, linking policies, contracts, financial records, assets, suppliers, cybersecurity frameworks, and operational data. Meanwhile, Facio Eigen introduces a zero-trust control framework that enforces permissions, rules, approvals, and audit trails for AI-enhanced decisions and actions. By leveraging these advanced technologies, we empower organizations to streamline their operations and enhance compliance.
Description
RiskRemedy is an AI-driven solution designed specifically for commercial property and casualty brokerages. Retail agencies, wholesale brokers, and risk consultants can upload a policy, a set of carrier quotes, or a renewal and receive client-ready documents in just minutes, including a thorough policy review that examines every endorsement and highlights exclusions and coverage gaps, a detailed side-by-side comparison of quotes, a meticulous renewal analysis down to the specific form and clause, or a customized proposal aligned with the agency's branding. Each finding is referenced to the exact page it was sourced from, allowing producers to verify information almost instantly.
Teams leverage RiskRemedy to significantly reduce the time spent analyzing expiring policies and designing proposals, identify potentially harmful endorsements before they lead to claims, and ensure that certificates of insurance align with contract stipulations. The system requires no installation and has a minimal learning curve, with many teams able to handle live client work from their very first session. All uploads are encrypted and are not utilized to enhance the AI, ensuring data security, and every customer benefits from personalized support from experts in commercial insurance. Thus, RiskRemedy not only streamlines workflows but also enhances the overall efficiency of insurance brokerage operations.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
$65/mo./user + cloud
Free Trial
Yes
Free Version
No
Pricing Details
Contact for pricing
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Facio
Founded
1600
Country
United States
Website
www.facio.io
Vendor Details
Company Name
RiskRemedy, Inc.
Country
United States
Website
www.riskremedy.io
Product Features
Product Features
P&C Insurance
Billing & Invoicing
No
Broker / Agent Portal
No
Claims Management
No
Commission Management
No
Customer Portal
No
Document Management
No
Insurance Rating
No
Marketing Automation
No
Policy Management
No
Quote Management
No
Reinsurance Administration
No
Underwriting Management
No
Alternatives
Alternatives
No Alternatives