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Intellect SEEC
Banesh Prabhu, CEO
2
Intellect SEEC Management Team
Banesh Prabhu
Chief Executive Officer,
Intellect SEEC
James McKenney
Chief Strategy Officer &
Products Business Head
Laila Beane
Chief Customer Officer
Head of Consulting
Sandeep Tandon
Chief Technology Officer-
Americas
Hari Menon
Senior Vice President &
Client Partner
Deepak Dastrala
Chief Technology Officer-
India
Hitesh Arora
EVP & Business Head
Sriram Narasimhan
Head of Global Talent
Management & Operations
3
• Our Value Prop
• Underwriting Complexity & Business Transformation Opportunity
• Intelligent Platform Capabilities
• US Commercial Insurance Opportunity
• Potential to Scale our Platform as a Service (PaaS)
Discussion Path
4
Our Value Prop
We partner with Commercial lines insurance carriers to modernize legacy platforms to enable profitable
growth by bringing a broad set of solutions via our Platform as a Service supported by industry leading
insurance subject matter experts.
Solutions provided as part of our Platform as a Service
Magic Submission
Intake & Routing
Risk Analyst
Data Enrichment
Xponent
Quote & Underwrite
Composable Contextual Cloud Native
A Commercial Lines Modernization Partner
5
Industry Legacy Challenges Intellect PaaS
Submission Intake Intake teams take between 24 hrs to
manually process data from broker
submission documents
Ability to quick decline and focused
underwriter productivity
Submission Triage All submissions hit underwriter desk
without matching risk appetite
Data Sophistication Limited data to make decisions and
less than 2% submission data is
validated
Submission data quality improved by 27%
and the significantly more data to make
decisions
Underwriting Efficiency 40% to 70% of Underwriter’s time is
spent on curating and cleansing data
Underwriter time to decision reduced by 60%
and underwriting quality improved by 50%
Missed Opportunity 40% to 45% of submissions are not
quoted due to operational inefficiencies
and incorrect/missing data
Identified new business prospects as
‘high interest’ to focus sales efforts
Intake triage cost reduced by 70% and
speed to process improved by 87%
Helping Carriers to drive Efficiency while reinvesting in Sophistication to enable them to out select their competitors
Our Solutions Enable Carriers’ Profitable Growth
Composable & Contextual Underwriting Platform
Broker email
request
Email Poller and
processor
Email & SOV
classification
Email & SOV
Extraction
Companyreport Location
report
Commercial propertyUse
case Transformation
PAS Integration
SOV Processing User Journey
Email Poller
Email Processor
BaseDocument
Classifier
Email Classifier
SOV Classifier
Email Extractor
SOV Sheet Extraction
Commercial Property Company report
NAICS/SIC Classifier
Location Report
Construction ISO Code
Model
Address Parser &
Normalizer
NAICS ,Construction
Code, Address parser
PAS Connectors
Composing a User Journey on Underwriting Platform
8
Total US Commercial Lines written premium in 2020 is $315B, with the top 200
carriers making up 95% of the market
“Together, these foundational elements will likely form the building blocks of any underwriting modernization program,” Deloitte Insights
Most carriers have needs in the following areas in terms of underwriting modernization
The global commercial insurance market was valued at $692 billion in 2020,
and is projected to reach $1.61 trillion by 2030, growing at a CAGR of 9.7% from 2021 to 2030.
4. Platform as a Service (PaaS)
1. Increase Automation 2. Add Alternative
Data sources
3. Increase use of
Artificial Intelligence
Source: The Deloitte Center for Financial Services Global Outlook Survey 2020. Deloitte Insights | deloitte.com/insights
There is a material opportunity with nearly all carriers needing modernization in some form
North American market is a meaningful opportunity
9
We are actively engaged with 9 carriers with SaaS relationships, including one of the top 3, and have a strong
pipeline to move forward.
Our SaaS Customers Profile of our target
conversions over next quarter
Prospect 1
Top 5 carrier
GWP $10B+
Magic Submission
Prospect 2
Top 30 carrier
GWP $1.3B+
Xponent
Prospect 3
Top 50 carrier
GWP $1B+
Xponent
GWP $840M
GWP $580M
GWP $222M
GWP $11B
GWP $2B
GWP $230M
GWP $17B
GWP $1B
GWP $3B
We have a solid foundation to grow from
10
Magic Submission
Intake & Routing
Risk Analyst
Data Enrichment
Xponent
Quote & Underwrite
We are well positioned in comparison to competitors with the broadest
solution offering in the industry
Our solutions are broader than our competition
11
Silicon Review: Intellect SEEC named
5 Best Insurtech Companies to watch in 2021
Intellect SEEC has
been ranked #1 in
insurtech by IBS
Intelligence in the
IBS Annual Sales
League Table 2021
Intellect Design featured
amongst leading RPA
players in Celent's report
"What vendors see for
the Future of Robotic
Process Automation in
Insurance"
Our brand is well positioned, and we are ready to grow
Awards and Accolades
Intellect SEEC: End-to-End Insurance Innovation

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Intellect SEEC: End-to-End Insurance Innovation

  • 2. 2 Intellect SEEC Management Team Banesh Prabhu Chief Executive Officer, Intellect SEEC James McKenney Chief Strategy Officer & Products Business Head Laila Beane Chief Customer Officer Head of Consulting Sandeep Tandon Chief Technology Officer- Americas Hari Menon Senior Vice President & Client Partner Deepak Dastrala Chief Technology Officer- India Hitesh Arora EVP & Business Head Sriram Narasimhan Head of Global Talent Management & Operations
  • 3. 3 • Our Value Prop • Underwriting Complexity & Business Transformation Opportunity • Intelligent Platform Capabilities • US Commercial Insurance Opportunity • Potential to Scale our Platform as a Service (PaaS) Discussion Path
  • 4. 4 Our Value Prop We partner with Commercial lines insurance carriers to modernize legacy platforms to enable profitable growth by bringing a broad set of solutions via our Platform as a Service supported by industry leading insurance subject matter experts. Solutions provided as part of our Platform as a Service Magic Submission Intake & Routing Risk Analyst Data Enrichment Xponent Quote & Underwrite Composable Contextual Cloud Native A Commercial Lines Modernization Partner
  • 5. 5 Industry Legacy Challenges Intellect PaaS Submission Intake Intake teams take between 24 hrs to manually process data from broker submission documents Ability to quick decline and focused underwriter productivity Submission Triage All submissions hit underwriter desk without matching risk appetite Data Sophistication Limited data to make decisions and less than 2% submission data is validated Submission data quality improved by 27% and the significantly more data to make decisions Underwriting Efficiency 40% to 70% of Underwriter’s time is spent on curating and cleansing data Underwriter time to decision reduced by 60% and underwriting quality improved by 50% Missed Opportunity 40% to 45% of submissions are not quoted due to operational inefficiencies and incorrect/missing data Identified new business prospects as ‘high interest’ to focus sales efforts Intake triage cost reduced by 70% and speed to process improved by 87% Helping Carriers to drive Efficiency while reinvesting in Sophistication to enable them to out select their competitors Our Solutions Enable Carriers’ Profitable Growth
  • 6. Composable & Contextual Underwriting Platform
  • 7. Broker email request Email Poller and processor Email & SOV classification Email & SOV Extraction Companyreport Location report Commercial propertyUse case Transformation PAS Integration SOV Processing User Journey Email Poller Email Processor BaseDocument Classifier Email Classifier SOV Classifier Email Extractor SOV Sheet Extraction Commercial Property Company report NAICS/SIC Classifier Location Report Construction ISO Code Model Address Parser & Normalizer NAICS ,Construction Code, Address parser PAS Connectors Composing a User Journey on Underwriting Platform
  • 8. 8 Total US Commercial Lines written premium in 2020 is $315B, with the top 200 carriers making up 95% of the market “Together, these foundational elements will likely form the building blocks of any underwriting modernization program,” Deloitte Insights Most carriers have needs in the following areas in terms of underwriting modernization The global commercial insurance market was valued at $692 billion in 2020, and is projected to reach $1.61 trillion by 2030, growing at a CAGR of 9.7% from 2021 to 2030. 4. Platform as a Service (PaaS) 1. Increase Automation 2. Add Alternative Data sources 3. Increase use of Artificial Intelligence Source: The Deloitte Center for Financial Services Global Outlook Survey 2020. Deloitte Insights | deloitte.com/insights There is a material opportunity with nearly all carriers needing modernization in some form North American market is a meaningful opportunity
  • 9. 9 We are actively engaged with 9 carriers with SaaS relationships, including one of the top 3, and have a strong pipeline to move forward. Our SaaS Customers Profile of our target conversions over next quarter Prospect 1 Top 5 carrier GWP $10B+ Magic Submission Prospect 2 Top 30 carrier GWP $1.3B+ Xponent Prospect 3 Top 50 carrier GWP $1B+ Xponent GWP $840M GWP $580M GWP $222M GWP $11B GWP $2B GWP $230M GWP $17B GWP $1B GWP $3B We have a solid foundation to grow from
  • 10. 10 Magic Submission Intake & Routing Risk Analyst Data Enrichment Xponent Quote & Underwrite We are well positioned in comparison to competitors with the broadest solution offering in the industry Our solutions are broader than our competition
  • 11. 11 Silicon Review: Intellect SEEC named 5 Best Insurtech Companies to watch in 2021 Intellect SEEC has been ranked #1 in insurtech by IBS Intelligence in the IBS Annual Sales League Table 2021 Intellect Design featured amongst leading RPA players in Celent's report "What vendors see for the Future of Robotic Process Automation in Insurance" Our brand is well positioned, and we are ready to grow Awards and Accolades