#Canada #Toronto #Contract Intelligence #Ultrassure #Millennium Insurance

Ultrassure Enhances Insurance Operations with AI-Driven Contract Intelligence

Toronto, February 18, 2026 - In a significant move to revolutionize the insurance industry, Ultrassure has been selected by Millennium Insurance to deploy its cutting-edge contract intelligence platform. This deployment is set to transform the way Millennium manages its insurance operations by introducing AI-supported tools that enhance the efficiency and accuracy of core workflows such as underwriting, claims handling, and legal processes.

Transformative Impact on Insurance Operations

The primary goal of this collaboration is to modernize the management and accessibility of contract data. Ultrassure's platform will convert unstructured policy and treaty data into structured formats, allowing teams at Millennium to query critical information easily. This transformation is essential for making informed decisions that rely on a clear view of obligations, exclusions, and coverage terms.

"In today's market, having timely access to the intelligence within our contracts is critical," stated Hafeez Kassam, President of Millennium Insurance. He expressed enthusiasm about the partnership, noting the significant potential for validating coverage intent and managing obligations more efficiently than traditional methods enable.

Streamlining Operational Efficiency

The collaboration between Ultrassure and Millennium Insurance aims to enhance operational efficiencies across the insurer's diverse portfolio. By seamlessly integrating with existing workflows, the platform will redefine how policy and contract language are tracked and accessed. The expectation is that this will not only streamline operations but also bolster the auditing processes essential to maintaining compliance with internal governance standards.

Matti Parnanen, CEO of Ultrassure, emphasized the transformative potential of the platform, saying, "The insurance industry is sitting on enormous untapped value locked inside its own contracts. We're excited to work with Millennium to bring more structure and visibility to how they manage their contracts. That's exactly the kind of operational shift we're building for."

A Growing Trend in the Insurance Sector

Millennium Insurance joins an expanding list of carriers, managing general agents (MGAs), and reinsurers adopting Ultrassure’s innovative platform, with several currently processing over $2 billion in premium through the system. This trend reflects a broader recognition within the insurance industry of the need for improved data management and operational efficiency.

About Millennium Insurance

Millennium Insurance is a prominent property and casualty insurance provider, serving a diverse clientele through various products and distribution channels. The company is dedicated to operational excellence, striving to maintain high service and compliance standards.

About Ultrassure

Ultrassure operates as a specialized contract intelligence platform tailored for the insurance sector. Utilizing industry-specific AI, it transforms unstructured documents, including policies and broker agreements, into structured and auditable data. This capability empowers carriers, MGAs, brokers, and reinsurers to make quicker, better-informed decisions across their operations, including underwriting, claims processing, and compliance.

As this partnership develops, it is anticipated that the synergy between Ultrassure and Millennium Insurance will set a new standard in the insurance landscape, promoting efficiency through technological advancement.