New AI-powered platform unlocks faster, smarter collaboration between agents, carriers, and reinsurers—eliminating manual workflows and accelerating decisions.
MALVERN, Pa.--(BUSINESS WIRE)--The Institutes RiskStream Collaborative and BluePond.AI announced a strategic partnership to address one of the property and casualty insurance sector’s most persistent challenges: the broken flow of risk data between agents, carriers, and reinsurers.
Together, the organizations are launching a new solution powered by BluePond’s P&C CoPilot platform, enabling more efficient and autonomous underwriting workflows through intelligent automation and multiparty data collaboration – laying the foundation for expansion into additional insurance solution sets across the value chain. The collaboration aims to eliminate manual data handoffs, enable secure multiparty connections, and accelerate the P&C sector’s shift toward more connected operations that ultimately deliver faster, more seamless outcomes for policyholders.
“Our collaboration with BluePond.AI is about more than just technology—it’s about reimagining how the insurance sector accesses and uses data,” said Patrick Schmid, Ph.D., President of The Institutes RiskStream Collaborative. “By enabling intelligent, multiparty data exchange, we’re driving faster, more informed underwriting decisions, improving interoperability, and creating more autonomous workflows within the underwriting process.”
Replacing Forms and Friction with Intelligence and Interoperability
Despite advances in automation, the insurance industry still relies heavily on static formats, such as PDFs and email, for critical information exchange. Meanwhile, most carriers and brokers are reluctant to overhaul their core systems to conform to rigid, one-size-fits-all schemas.
“In the GenAI era, those barriers are quickly becoming irrelevant,” said Pranav Pasricha, CEO of BluePond.AI. “Instead of forcing every player to re-platform, we’re using AI to bridge the gaps. With this approach, we can finally modernize how submissions, loss runs, reinsurance bordereaux, and other documents flow between stakeholders – without ripping out the systems they rely on.”
The collaboration will first focus on three high-friction areas of data exchange in underwriting:
- Submissions and quote processing – streamline agent-to-carrier workflows to speed up risk evaluation and policy issuance
- Loss history and exposure data sharing – provide underwriters with comprehensive, timely data to improve risk selection and pricing accuracy
- Underwriting insights from documents – use automated extraction and analysis to identify key risk factors and support faster, data-driven decisions
By transforming documents into structured, interoperable data using AI, the solution creates a foundation for continuous learning, automated processing, and enhanced decision-making – without requiring wholesale IT transformation.
Announcing at ITC Vegas
Further details will be announced at an event hosted by The Institutes RiskStream Collaborative and BluePond.AI on Wednesday, Oct. 15, at Mandalay Bay in Las Vegas, on the sidelines of the InsurTech Connect (ITC) conference. Register for the event here: https://luma.com/khp6vfgq
About The Institutes RiskStream Collaborative
The Institutes RiskStream Collaborative® aims to create an ecosystem within the risk management and insurance industry that leverages emerging technology platforms to design/build (or leverage existing) solutions that aim to streamline the flow and verification of data in multiparty business processes. RiskStream’s goals as a blockchain and emerging technology consortium are to help industry participants lower operating costs, drive efficiency from improved processes, and enhance the customer experience.
About The Institutes
The Institutes® are a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes 20 affiliated business units and backed by more than 115 years of experience as a trusted knowledge partner, we empower people and organizations to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world. Learn more at Global.TheInstitutes.org.
The Institutes is a registered trademark of The Institutes. All rights reserved.
About BluePond.AI
BluePond.AI delivers high autonomy for complex P&C operations leveraging Generative and Agentic AI. Unlike AI solutions that are limited to ingestion or analytics, BluePond.AIs P&C CoPilot automates complex human tasks end to end for agencies, underwriting, claims and reinsurance. It removes most human keystrokes and delivers intuitive guided insights for where expert decision making is needed. Founded by P&C insurance veterans, BluePond.AI prides itself in deep P&C expertise and commits to putting skin in the game to deliver transformative results.
Contacts
Media Contact:
Jim Walsh
Director of Sales
RiskStream Collaborative
walshj@theinstitutes.org