The manually intensive commercial lines insurance underwriting needs to be transformed
Manually managing data from ACORD forms or broker emails, going through piles of paperwork, working on multiple systems, assessing exposures, seeking clearances, and tracking email exchanges with brokers and customers can hurt your business.
Don’t let an inefficient process negatively impact risk assessments, pricing, and efficacy.
Optimize your underwriting and focus time on actual decision making and relationship building with brokers and customers.
Take the first step to transforming your underwriting
Let’s automate your broker submission intake
Commercial Lines Submission Automation
For Lightning-fast, Efficient, and Profitable Underwriting
How Does It Work?
Uses AI and NLP to extract data from structured and unstructured sources like ACORD forms, spreadsheets, loss runs, and brokers emails.
This solution then applies automation and AI to help underwriters collaborate effectively, make faster and accurate risk decisions.
This solution then applies automation and AI to help underwriters collaborate effectively, make faster and accurate risk decisions.
Submission Ingestion
AI and OCR help in extracting structured an unstructured data from different sources be it PDFs, spreadsheets, broker forms, and emails.
Submission Triage and Prioritization
Automation helps in managing separate submission queues for new business, renewals, and endorsements.
ML models help easily sort through hundreds of submissions to prioritize optimal entries based on risk appetite and underwriting triage guidelines.
Submission Enrichment
Real-time communication between systems to retrieve data for accurate and efficient underwriting decisioning.
Automation led data prefill in the quote setup of the policy system helps bind and issue of the policy.
AI & ML-led underwriting decisioning
Real-time communication between systems to retrieve data for accurate and efficient underwriting decisioning.
How You
Benefit?
Benefit?
Eliminate Tedious Manual Underwriting
Touchless data extraction from varied sources with 99% accuracy
Enrich missing data from 3rd party sources and legacy systems
Make Faster and Accurate Risk Assessments
Use AI-based models to accurately assess and process submissions from all channels – 24 x7
Data prefill accelerates the quote process and eliminates manual entry
Improve Your Direct Written Premium and Loss Ratios
Write more premium in less time and fewer resources
2X your quote-to-submission and bind to submission ratios
Lower Your Underwriting Costs
Better efficiency and reduced operational overheads
Effectively Collaborate with Brokers and Customers
Reduce the response time to questions from brokers and customers
Customized queues for new business, renewals and endorsements
Book Your Personalized Demo Tour
Success Stories
“Birlasoft's contribution to the insurance industry has been phenomenal and we are happy to have them as partners in this journey. Currently, we have been collaborating with Birlasoft on a Submission Automation Portal which will not only help achieve excellence in underwriting operations, but propel a paradigm shift towards providing seamless service to our customers.”
Philip G Peterson III
Vice President and CAO
American Capital Assurance Corp.
Vice President and CAO
American Capital Assurance Corp.
Why Choose Birlasoft?
Recognized Experts
Recognized as a Top 15 Sourcing Standout by ISG
Featured as an Aspirant in the Everest Group Application and Digital Services in P&C Insurance – PEAK Matrix™ Assessment 2020
Trusted Partner
Advisor to top P&C insurers on automated underwriting
Reliability
24 x 7 support for all rollouts for 8 weeks across all lines of business
1 + 1 = 11
Extensive network of partners to support customized business needs
Wide System Coverage
Wide system integration coverage - Guidewire, ImageRight, D&B and other 3rd party systems
P&C Insurance Experts
Large pool of P&C insurance specialists
Take the first step to transforming your underwriting
Easy to scale up
Freedom to add document types to address evolving business needs. Multiple modes available for your needs–on–premise or on the cloud.
Flexible to use
Define your configuration rules for your unique needs and easily integrate with your unique APIs.
Quick to deploy
Rapid implementation in just a few weeks.
Book Your Live Solution Demo Session Now.
Talk to our insurance industry experts and digital specialists and get all your questions answered in a personalized demo tour.
Featured Insights
Resources
Learn how to boost your underwriting efficiency.
Sign up for a personalized demo tour.
Sign up for a personalized demo tour.