Accelerating Underwriting Using a Generative AI Backed Toolchain
The insurance industry faces challenges in expanding its workforce and product offerings while onboarding new underwriters and updating experts on regulations. This white paper explores how a top crop insurance company developed an AI-powered system to accelerate underwriting.
The solution gives underwriters access to a vast repository of rules and integrates internal documentation to scale knowledge. By presenting information conversationally, it enhances accessibility. A custom quality assurance process tracks accuracy.
Results show an 800% accuracy improvement and a 95% cost reduction compared to off-the-shelf solutions. Learn how this system helps tackle workforce and regulatory challenges.