Outmarket

Outmarket AI provides an intelligence and automation platform designed for the commercial insurance sector. Founded in 2024 by CEO Vishal Sankhla and CTO Anshu Jain, the company aims to modernize the industry by addressing inefficiencies caused by fragmented data and manual workflows. Sankhla, a repeat founder, previously held product leadership roles at Ethos, Meta, and Uber, while Jain also worked at Meta and Ethos and was part of the early IBM Watson AI team. Their shared experience in the life insurance technology sector highlighted the data fragmentation and process challenges within the broader insurance market, leading to the creation of Outmarket.

The company launched with $4.7 million in seed funding in a round led by Fika Ventures, with participation from TTV and Dash Fund. This capital is intended to accelerate platform innovation and expand strategic partnerships. Outmarket serves as a connectivity layer for retail agencies, wholesalers, and carriers, integrating both structured and unstructured data from various sources like emails, PDFs, and agency management systems. The platform utilizes natural language processing, machine learning, and knowledge graphs to deliver actionable insights and automate workflows. Key features include automated submissions intake, quote comparison, policy review, and proposal generation, which can reduce processing times by up to 80%. The system also helps users identify cross-sell opportunities, analyze market appetite, and gain real-time views of premium trends and client profitability.

Outmarket's business model targets commercial brokers, Managing General Agents (MGAs), and wholesalers. It generates revenue by providing its AI-powered platform to these clients, helping them to streamline operations and uncover revenue opportunities. The platform is designed to be a unified intelligence layer, offering a single point of access to all client data while ensuring the data remains private and is not used to train underlying AI models. All data is fully encrypted to maintain security and integrity.

Keywords: commercial insurance, insurtech, AI automation, data intelligence, workflow automation, broker tools, MGA solutions, insurance analytics, risk management, policy review