3X increase in Insurance submission processing rate using AI/ ML

The Client

Global specialty insurance & re-insurance provider for the property and casualty lines of business; foot-print in 228 cities in 30 countries with A+ ratings.

The Challenge

  • Political Risk line of business receives 7,000 business proposals (SOVs) a month, and volumes were increasing
  • Low U/W capacity as U/W teams were only able process less than 80 submissions a day (23% of volume)
  • Losing on opportunities to underwrite more new business
  • Inefficiencies due to manual and cumbersome pre-bind cycle

The Solution

  • Designed and developed a Submission system leveraging niche AI / ML technologies
  • System automatically picked-up all incoming proposals and extracted structured and unstructured SOVs
  • Based on U/W rules, gave a soft recommendation to underwrite or decline
  • Plugged into their Outlook email, for ease of use and seamless outreach

Value Delivered

  • Submission processing rate increased 3 times – U/W reviews of additional 4,500 SOVs a month
  • Reduced unutilized U/W capacity by 15% – soft recommendation allowed U/W to focus on core tasks
  • Reduced policy administrative costs by 20% – integration with Guide-wire streamlined Quote and Bind processes
  • Efficient U/W experience in pre-bind space
case studies

See More Case Studies

Contact us

Partner with Us for Comprehensive IT Resources

We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.

Your benefits:
What happens next?

We Schedule a call at your convenience 


We do a discovery and consulting meting 


We prepare a proposal 

Schedule a Free Consultation