Intellect Design Wins ₹200-Cr Deal to Transform Underwriting with AI

Intellect Design Arena's Insurtech arm, Intellect AI, has secured a ₹200-crore multi-year deal with a London-based brokerage firm to streamline its underwriting process using AI-driven solutions. Following the announcement, Intellect Design’s stock surged nearly 3% on February 20. The brokerage firm will leverage Intellect AI’s Purple Fabric platform, Magic Submission, and Xponent to simplify claims processing, improve risk assessment, and enhance broker-carrier interactions. The contract covers binding, payments, invoicing, bordereaux generation, and claims management, offering a seamless end-to-end digital experience.

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