2026-11-05 · Source: Insurance Journal
Summary in 3 Points • MGAs face challenges with high submission volumes, leading to inefficiencies in underwriting processes. • Vertafore's Submission Processing Agent automates the intake of unstructured submissions for MGAs. • AI enhances underwriting workflows by structuring data and allowing underwriters to focus on decision-making. --- MGAs often struggle with high volumes of insurance submissions, which can lead to inefficiencies and delays in the underwriting process. Vertafore's Submission Processing Agent addresses this issue by automating the intake of unstructured submission data from various sources, converting it into a structured format that streamlines workflows and reduces manual entry time. The Submission Processing Agent not only organizes incoming information but also checks for completeness, allowing underwriters to concentrate on evaluating risks and making informed decisions. This integration of AI into the underwriting workflow enhances efficiency and supports MGAs in managing increased submission volumes while maintaining quality and control over the decision-making process. The use of AI in submission processing can significantly enhance the efficiency of MGA workflows, particularly in the context of high-volume underwriting environments.
The use of AI in submission processing can significantly enhance the efficiency of MGA workflows, particularly in the context of high-volume underwriting environments.