A Broker’s Guide to AI-Powered Policy Checking

Manually reviewing commercial insurance policies prior to issuance is a thankless task. Policyholders expect high quality, error-free policies, but errors and omissions like missing endorsements, incorrect limits, and premium shortfalls are all too common. As with any mind-numbing repetitive task, there is a high probability of human error. After page 55, tired eyes prevail and it’s easy to miss things. It’s a problem that costs insurance brokers billions every year in E&O exposure. By using Artificial Intelligence, brokers can automate and standardize the policy checking process to reduce turnaround times, mitigate E&O risk, and ensure contract certainty.

Chisel AI

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