Outmarket AI Raises $4.7M to Bring AI-Powered Intelligence to Commercial Insurance
Outmarket is an AI platform that streamlines connectivity and alignment between insurance brokers, wholesalers, and carriers and integrating data across silos to uncover actionable insights.
The commercial insurance sector is riddled with inefficiencies—from outdated systems to time-consuming manual processes that slow down brokers and carriers. Enter Outmarket AI, a newly launched insurtech startup that’s on a mission to change that.
With $4.7 million in seed funding, led by Fika Ventures with participation from TTV and Dash Fund, Outmarket AI is building an intelligence platform designed to modernize commercial insurance with AI-driven insights and automation.
Unlocking the Power of AI in Commercial Insurance
Founded by Vishal Sankhla and Anshu Jain, Outmarket AI leverages natural language processing (NLP), machine learning (ML), and insurance-specific knowledge graphs to provide real-time data analysis and actionable insights.
The platform acts as a connectivity layer for wholesalers, retail agencies, and carriers, streamlining the entire workflow—from quote comparisons to policy reviews. According to Outmarket, early adopters have already seen a reduction in quote comparison and policy review times by up to 80%.
“Brokers and carriers know they need to unlock the power of their data to stay competitive, but outdated systems and manual processes slow them down,” said CEO Vishal Sankhla. “Outmarket is the missing intelligence layer that modernizes commercial insurance instantly. With AI-powered insights and automation, we help insurance professionals work smarter, win more deals, and grow revenue—fast.”
AI-Powered Insights at Your Fingertips
The Outmarket AI platform is built to make complex insurance data more accessible and actionable. It allows brokers and carriers to:
Analyze structured and unstructured data in real-time to uncover market trends, pricing insights, and profitability metrics.
Ask questions in natural language and receive AI-powered recommendations instantly.
Automate data analysis and reporting, helping teams identify cross-selling opportunities and optimize policy offerings.
CTO Anshu Jain sees this as just the beginning. “Our vision is to empower every insurance professional with real-time intelligence at their fingertips. We are just getting started.”
The Bigger Picture: AI’s Role in Insurtech
AI adoption in insurance has been gaining momentum, but many companies still struggle with legacy systems that hinder innovation. Outmarket AI’s approach—seamlessly integrating AI-powered automation into existing workflows—could give brokers and carriers the competitive edge they need to operate more efficiently and boost profitability.
With this fresh round of funding, Outmarket AI is focused on expanding its team, advancing platform capabilities, and strengthening its partnerships with brokers and carriers.
For an industry that has long been bogged down by paperwork and inefficiencies, Outmarket AI’s data-driven intelligence could be the key to a faster, smarter, and more profitable future for commercial insurance.
Read more on Yahoo! Finance
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