Challenge
Standardized knowledge embedded across the broker network, enabling better insights and decision making. AssuredPartners faced a time-consuming and inconsistent process for reviewing terms on new policies and renewals. Reviews were highly dependent on individual broker expertise, leading to delays, inefficiencies, and variability in applying best practices.
Solution
AssuredPartners partnered with Fog Solutions to launch Broker in a Box, an AI-powered expert system for intelligent document processing. Rapidly identifies potential improvements in policy terms using standardized best practices. Dynamically generates AI-driven prompts suggesting policy term enhancements. Significantly reduces the time required to review policies while improving accuracy and consistency.
Results
Risk mitigation & compliance
Enhanced consistency and reduced exposure.
Increased operational efficiency
Faster reviews and lower manual burden.