2026-10-19 · Source: Insurance Edge
Summary in 3 Points • Vertafore has launched the Velocity Policy Intake Agent and Policy Check Agent to automate critical policy lifecycle processes. • The Policy Intake Agent can reduce the time to create and review a typical Commercial Property and General Liability package policy by up to 87%. • The Policy Check Agent can cut policy-checking time by up to 90% per line of business, improving efficiency and accuracy. --- Vertafore has introduced two new AI-driven agents, the Velocity Policy Intake Agent and Policy Check Agent, designed to streamline the policy lifecycle for independent agencies. These innovations automate the extraction of policy information and verification processes, significantly reducing manual data entry and enhancing accuracy in policy management systems. Early testing indicates that the Policy Intake Agent can decrease the time required for creating and reviewing policies by up to 87%, while the Policy Check Agent can cut policy-checking time by as much as 90%. This automation not only improves operational efficiency but also allows agencies to focus more on client strategy and risk consulting. The introduction of these agents aligns with the growing trend towards automation in the insurance sector, particularly in the context of managing complex policy information. By ensuring that policy data is accurate and readily available, agencies can mitigate errors that could lead to increased E&O exposure. As the industry moves towards more integrated and automated solutions, the impact of these tools on agency workflows and client service will be significant, potentially reshaping how agencies operate in the competitive landscape. The introduction of AI-driven agents like Vertafore's enhances operational efficiency in policy management, crucial for agencies handling complex binders and delegated authority business.
The introduction of AI-driven agents like Vertafore's enhances operational efficiency in policy management, crucial for agencies handling complex binders and delegated authority business.