Quote Generation AI Agent

Automate underwriting and deliver accurate, bindable insurance quotes in seconds using real-time risk assessment and pricing logic.

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What is the Quote Generation Agent?

The Quote Generation Agent is an AI-powered underwriting and pricing solution that automates the end-to-end quote generation process. It ingests and validates submission data, applies underwriting rules and risk models in real time, and generates accurate, bindable quotes within seconds-helping carriers and MGAs modernize distribution, reduce manual underwriting, and increase bind rates.

< 60 secs

Quote Turnaround Time 70% Manual Underwriting Reduction +40% Quote-to-Bind Ratio 5X Underwriter Productivity

Who can benefit

  • Underwriting Teams: Reduce manual workload and focus on complex risks requiring expert judgment.
  • Insurance Carriers & MGAs: Scale quote volume without increasing underwriting headcount.
  • Brokers & Agents: Receive fast, accurate, and consistent quotes with minimal back-and-forth.
  • Distribution & Growth Teams: Increase submission throughput, bind rates, and overall GWP.

Business Impact

  • Faster Quote-to-Bind: Reduces quoting cycles from days to seconds with automated underwriting.
  • Consistent Underwriting Decisions: Applies underwriting rules and pricing logic uniformly across all submissions.
  • Improved Broker Satisfaction: Eliminates long wait times and manual follow-ups during quoting.
  • Scalable Growth: Handles thousands of submissions daily with software-level scalability.

Key Features

  • Instant Application Data Ingestion: Captures submission data from ACORD forms, broker portals, APIs, and PAS integrations.
  • Automated Data Validation: Validates addresses, business information, MVRs, and loss runs using third-party data sources.
  • Rule-Based Underwriting Automation: Applies carrier-specific underwriting rules, risk appetite, and eligibility logic in real time.
  • Risk Scoring & Triage: Scores risk using hundreds of data points and routes submissions to straight-through-processing or underwriter review.
  • Accurate, Bindable Quote Generation: Calculates premiums, taxes, and fees instantly to generate complete, bindable quotes.
  • Coverage & Pricing Options: Provides multiple coverage limits and deductible options to brokers and customers.
  • Underwriting Transparency: Explains key risk factors driving pricing or referral decisions with clear summaries.
  • Audit & Compliance Ready: Maintains a full audit trail of every underwriting decision for regulatory compliance.

FAQs

  • What types of submissions can the agent handle?
  • Can it support straight-through-processing?
  • How does it handle out-of-appetite risks?
  • Which systems does it integrate with?

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