Millennium Insurance Selects Ultrassure to Turn Contract Language Into Structured, Auditable Data

Millennium Insurance Selects Ultrassure to Turn Contract Language into Queryable Data

TORONTO - Feb. 18, 2026. Millennium Insurance has chosen Ultrassure to roll out contract intelligence AI across underwriting, claims, and legal operations. The goal is straightforward: convert unstructured policy, program, and treaty language into structured, searchable data that teams can trust.

The platform plugs into existing workflows and surfaces obligations, exclusions, and coverage terms with more consistency and traceability. Expect stronger contract governance, cleaner audit trails, and faster decisions where they matter most.

What's changing

• Policy, program, treaty, and partner contracts become queryable fields instead of static documents.
• Coverage intent and obligations can be verified with greater speed and consistency.
• Audit trails strengthen internal governance without adding manual overhead.
• Deployment spans a diverse book of business and integrates into current processes.

Why this matters for insurers

Unstructured contract text slows down underwriting, complicates claims coverage analysis, and raises compliance risk. Turning that language into structured data reduces friction across teams and creates a single source of truth for coverage terms and responsibilities.

This approach also aligns with ongoing data standardization and compliance expectations in the industry. For context, see data standards work by ACORD and regulatory resources from the NAIC.

Executive perspectives

"In today's market, having timely access to the intelligence within our contracts is critical," said Hafeez Kassam, President at Millennium Insurance. "We chose Ultrassure because we see a real opportunity to validate coverage intent and manage obligations more efficiently than traditional processes allow."

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

Scope and traction

The deployment covers Millennium's varied portfolio and is built to fit into daily workflows. Ultrassure reports that design partners are currently processing over $2B in premium through the platform.

Practical use cases you can apply

• Underwriting: Query exclusions, limits, and obligations to speed up risk assessment and reduce rework.
• Claims: Confirm coverage terms and carve-outs faster with documented traceability.
• Legal and compliance: Compare clause language across policies and treaties; maintain cleaner audit trails.
• Partner and treaty oversight: Align policy terms with program and treaty language to reduce gaps.

About Millennium Insurance

Millennium Insurance is a property and casualty insurer serving customers and partners across a range of products and distribution relationships. The company is committed to operational excellence and maintaining high standards of service and compliance.

About Ultrassure

Ultrassure is a contract intelligence platform purpose-built for the insurance industry. It uses industry-specific AI to convert unstructured policy, treaty, and brokerage documents into structured, auditable data, enabling carriers, MGAs, brokers, and reinsurers to make faster, more informed decisions across underwriting, claims, and compliance. Ultrassure is headquartered in Toronto.

Want more practical applications of AI in insurance? Explore AI for Insurance.