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TORONTO — Specialty insurance and bonding brokerage PLATFORM Insurance Management Inc. recently announced a partnership with Provision, a leader in risk management technology.

Provision employs advanced AI and machine learning algorithms to automate and enhance contract review processes. Utilizing natural language processing, the platform analyzes complex legal documents, identifies key clauses, and highlights potential risks.

By partnering with Provision, PLATFORM enhances risk assessment capabilities, improving compliance and ultimately reducing exposure to legal risks, a release indicates.

“We are thrilled to join forces with PLATFORM, a visionary leader in the insurance industry,” said Luigi La Corte, co-founders of Provision, in a statement. “Together, we have the opportunity to revolutionize risk management practices, leveraging cutting-edge technology and strategic insights to drive tangible outcomes for our clients. This partnership marks a significant milestone in our journey to reshape the future of risk management.”