Policy Underwriting Automation Workflow
Automates insurance underwriting—collecting applications, assessing risk, generating quotes, and issuing policies with minimal manual effort.
Policy Underwriting Automation Workflow
Customers apply online, and AI agents handle identity verification, document extraction (like medical history), and risk scoring. Based on this, the system calculates premium terms and generates a digital policy for issuance. Human underwriters review only exceptions.
- Customer submits digital application
- AI verifies identity and extracts supporting documents
- Risk Assessment Agent scores risk using actuarial models
- Premium and terms calculated based on risk tier
- Policy documents generated and issued digitally
Business Impact
- Cuts underwriting time from 3 days to 3 minutes
- Increases straight-through processing rates
- Applies risk models uniformly and without bias
- Reduces human errors and mispriced premiums
- Underwriters handle 2–3x more policies/day
- Focus shifts to edge cases, not routine reviews
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