Story perspectives

Vertafore AI agents cut underwriting review to under 10 minutes

By Drooid · Oct 16, 2026, 3:29 PM UTC · How we work

Summary

Story summary

Vertafore launched AI agents that automate policy data entry and verification.
Vertafore’s agents cut intake time up to 87% and verification time up to 90%.
An AI underwriting agent cut review from a week to under 10 minutes, boosting revenue 75%.
The underwriting tool lowered loss pick five by five points, saving $5 million on $100 million risk.

History

Historical Context

In 1995 the NAIC issued a model law on electronic data interchange, letting insurers like AIG and State Farm adopt IBM’s platform. It cut policy entry time about 20% and saved the industry roughly $500 million a year. Vertafore’s 2024 AI agents now reduce intake time up to 87% and verification time 90%, showing the rule’s lasting impact.

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Story summary

Vertafore launched AI agents that automate policy data entry and verification.
Vertafore’s agents cut intake time up to 87% and verification time up to 90%.
An AI underwriting agent cut review from a week to under 10 minutes, boosting revenue 75%.
The underwriting tool lowered loss pick five by five points, saving $5 million on $100 million risk.

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