AI-powered Digital Coworkers enable underwriters to receive and respond to submissions faster, with greater confidence.
Accuracy for policy level data, extracted from submissions for a global insurance conglomerate
Accuracy for claim level data, extracted from submissions for a multi-national insurance carrier
Increase in underwriting team capacity
See how we reimagine submission processing for underwriting teams.
New submissions are submitted directly to a Digital Coworker for scanning, classification, analysis and key data extraction.
Traditionally, the underwriting team receives the submission, identifies key information and manually enters the data into the underwriting/policy system. More, the underwriter may require additional data from a third party to support the assessment.
In this future state, the Digital Coworker pulls business submissions from a dedicated location and uses InsurGPTTM to classify each document type, then extract key information (such as company name, previous policy number, amounts paid, date of previous claim etc), identify missing information and follow-ups up via email, then finally, enters the data into the underwriting/policy system.
Further, the Digital Coworker will automatically reach out to third party data sources or bureaus for additional data to supplement inhouse information.
The Digital Coworker notifies the underwriting team, via the Roots Cockpit, that a submission is ready for review.
The underwriting assistant uses the Roots Cockpit to communicate with and assist the Digital Coworker in finalizing the submission package.
Finally, when the submission package is complete, the underwriter is notified, reviews the package and sends the quote to the broker/agent.
Digital Coworkers remove the administration and manual data processing that surrounds highly variable submission documents and communications. Further, Digital Coworkers ensure more data is analyzed up-front to improve decision-making further into the quote process.
Our Customers see Digital Coworkers as important members of their team