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Underwriters spend excessive time manually transferring data from broker documents (4-50 pages) into insurance offers. Inconsistent field naming conventions, varying document structures, and lack of standardized templates lead to inefficiencies, errors, and delayed client responses. Brokers use non-standard clauses and formats, requiring additional time for validation and standardization.
Leading insurance provider in Central and Eastern Europe offering property, life, health, and motor insurance for individuals and corporations
Processing speed increased 2-3x with underwriter verification time reduced to minutes. Standardized templates and centralized clause management improve compliance and reduce errors. Faster response times expected to increase signed contracts by 50% while maintaining underwriting team size.