Brisc, a leading agentic AI platform designed for the insurance industry, has launched its Submissions AI Agent, a cutting-edge solution aimed at streamlining the property insurance underwriting process. By automating the labor-intensive tasks involved in processing broker submissions, the platform promises to significantly reduce the time and effort required to extract key underwriting details, ultimately accelerating quote turnaround times.
Efficiency Through AI-Driven Automation
The new AI-powered agent eliminates the need for manual review of submissions, such as Excel files, PDFs, and Statements of Values (SOVs). In less than 60 seconds, the Submissions AI Agent automatically extracts critical underwriting information—such as program data, loss history, Total Insured Value (TIV), and property schedules—and returns structured, triaged data aligned with each company’s specific criteria.
According to Sanjay Malhotra, CEO of Brisc, the goal is to replicate the process that underwriters already follow manually, but with far greater speed and accuracy. “Email is still the dominant channel for property submissions, but the process that follows is broken. Teams spend hours digging through documents just to figure out what’s worth quoting. Brisc takes that first mile and makes it actionable in seconds,” Malhotra explained.
End-to-End Underwriting Streamlining
Brisc’s Submissions AI Agent tackles one of the most significant bottlenecks in property underwriting—manual submission intake and triage. Typically, underwriting teams would need to spend hours reviewing complex property schedules to assess the viability of each submission. This process slows quote turnaround times and decreases the likelihood of securing profitable business.
With the new solution, teams simply forward submission emails directly to the AI Agent. In about one minute, the AI processes and structures the data, which is then presented on a user-friendly dashboard. Underwriters can easily review, validate, and make any necessary edits before seamlessly pushing the structured data into their existing systems with just one click.
Full Transparency and Auditability
Brisc ensures full transparency throughout the process. Every step, from extraction to validation, is traceable, with an audit trail that shows exactly what was extracted, where it came from, and why it was included. This level of visibility offers underwriters the confidence that the data is accurate and aligned with their criteria.
Impact on the Industry
By streamlining the property submission process end-to-end, Brisc’s Submissions AI Agent empowers insurance teams to focus more on high-value tasks, such as analyzing risks and securing profitable business, rather than spending hours on manual data extraction and review.
This move is set to reshape property insurance underwriting, giving companies the tools they need to increase efficiency, reduce operational costs, and speed up quote turnarounds—ultimately providing better service to clients and improving profitability.
Related topics:
