Henderson, Nevada – Bound AI, the InsurTech automation platform formerly known as NT Extractor, is on a mission to make policy processing and underwriting support more autonomous, using document AI and agentic technologies. This insurance software evolved from a document transformation tool to a comprehensive AI platform that enables insurers, MGAs, and brokers to accelerate underwriting workflows, reduce manual work, and have more precise data throughout the policy lifecycle. Today, Bound AI announced the launch of its new website and brand identity.

Developed and powered by OIP Insurtech, Bound AI builds and orchestrates a workforce of AI agents and infrastructure products trained on thousands of insurance workflows and real-world document types. From loss run analysis and submission triage to SOV processing and policy comparisons, Bound AI automates the manual processes that slow down underwriting operations.

“Bound AI was born out of the problems we saw firsthand – submissions delayed by hours of admin work, risk data lost in PDFs, policy errors traced to copy-paste processes,” said Mladen Subašić, Chief Product Officer at OIP Insurtech. “This isn’t a generic AI wrapper. It’s built by people who’ve worked in underwriting, triaging, and quoting. Every part of the system is insurance-native by design.”

The new Bound AI website reflects the platform’s expanded capabilities and modular approach, combining intelligent AI agents for underwriting tasks with infrastructure layers, such as Knowledge Management and Underwriting Desk Copilots. These tools integrate seamlessly with legacy systems, resulting in over 99% accuracy in AI data extraction, a 65% drop in processing costs, and a 50% bind rate on first quotes.

“We’re redefining the baseline for how insurance software should be built. Agentic systems that reason over unstructured data, learn from operations, and act with precision are no longer optional – they’re the future of underwriting infrastructure. BoundAI was engineered to set that standard,” said Nemanja Jokić, Chief Technology Officer at OIP Insurtech. “It is already trusted by leading wholesalers that leveraged the technology to reduce average submission turnaround times to under five minutes while capturing deeper risk data across its portfolio.”

To explore the platform or request a demo, visit the new Bound AI website at https://www.boundai.ai/.

About Bound AI

Bound AI is a purpose-built automation platform for insurance underwriting created by OIP Insurtech. Designed to sit on top of existing core systems, Bound AI enables insurers, MGAs, and brokers to extract, structure, and act on unstructured data from emails, PDFs, and policy documents. Its modular agents and infrastructure tools streamline workflows, such as loss run analysis, SOV processing, submission triage, and policy comparisons, helping teams move faster, quote more accurately, and reduce operational drag.
About OIP Insurtech

OIP Insurtech is a global provider of tech and underwriting services, supporting more than 120 carriers, MGAs, and brokers worldwide. With a focus on complex insurance operations and automation, OIP Insurtech combines insurance expertise with advanced software development to deliver intelligent solutions that solve real industry pain points.