AI for insurance agents and brokers
Ultramarine Work reads the dec pages, loss runs, ACORD applications and quote PDFs in the account folder, and drafts the quote comparisons, COI logs, renewal models and policy checks that follow from them.
Harborview-COI-log.xlsxExampleHarborview Clinic, subcontractor COIs
- Delmar ElectricElectrical$1M / $2MDeficient
The COI shows CG 20 10 but not CG 20 37, so request the completed operations endorsement.
- Pell DrywallDrywall$1M / $2MDeficient
Neither GL nor WC carries a waiver of subrogation, so ask for CG 24 04 and WC 00 03 13.
- Ostrand MechanicalHVAC$1M / $2MCompliant
CG 20 10, CG 20 37 and the waiver of subrogation are attached, so file it as compliant.
- Quarry Ridge PavingSite paving$1M / $2MPending
The GL policy expires Dec 1, before paving is done, so request the renewal COI.
How it works
- 1
Drop the account file in the folder
The renewal questionnaire, statement of values, dec pages, carrier loss runs, ACORD applications and supplements, the quotes, bound policies, endorsements and COIs, whether you exported them from the AMS or saved each file as it arrived.
- 2
Ask for the piece of work in front of you
A loss run summary an underwriter can price against, a quote comparison that separates price from coverage, a policy checked line by line against the binder, a renewal model or a COI log.
- 3
Trace it, then make the call
Every number points back to the dec page, statement or certificate it came from, so you review what changed, take the discrepancies to the underwriter or the client, and then quote, recommend and bind.
Inside the Insurance Agency & Brokerage mode
Insurance needs analysis
From the fact finder it works out income replacement, mortgage payoff, education, buy-sell and key person needs and shows the math behind each face amount.
Insurance renewals and coverage proposals
Builds the submission package, from the SOV and loss run summary through the ACORD forms, then turns the quotes into a client proposal.
Policy checking and servicing
Every form, limit, deductible and endorsement that changed between the binder and the issued policy is written up, with the return premium checked.
Group benefits renewal
Claims experience becomes a renewal model with the trend, the credibility weighting, plan design alternatives and both sides of the contribution split.
Loss run and exposure analysis
Merges carriers’ loss runs into one frequency and severity view, computes loss ratios on earned premium and checks the experience mod against its worksheet.
Certificate of insurance tracking
The log checks every COI against what the contract requires and flags missing additional insured forms, waivers of subrogation, short limits and expirations.
Claim file handling
Summarizes the claim file, drafts the follow-up note and lists the coverage questions and reserve items to take to the adjuster.
Premium and agency accounting
Before the month closes, it reconciles carrier commission statements to the AMS, nets the chargebacks into producer pay and works the trust reconciliation.
- Office skills
- Excel, Word, PowerPoint, PDF
- Tools
- Read, edit and write files, Search files, Run code, Search and read the web, View images
- Connectors
- SharePoint, Google Drive, Gmail, and additional custom connectors
- House style
- Your fonts, layouts and rules, on every file
Ask it for
“Pull the loss runs from three carriers for Wexley Machining into one summary with loss ratios by year, and mark any valuation date more than 90 days old.”
Wexley-loss-run-summary.xlsx“Compare the three quotes on Vale Electric’s $28M SOV for the 7/1 property renewal and note every limit, deductible, coinsurance and wording difference.”
Vale-quote-comparison.xlsx“Check the issued Bexley Casualty policy against the binder and the quote, and list the changes to forms, limits, deductibles and endorsements.”
Bexley-policy-check.pdf“Audit every subcontractor COI on the Harborview Clinic job against the contract requirements and name the missing CG 20 10 forms and waivers of subrogation.”
Harborview-COI-log.xlsx“Model the 1/1 renewal for the 96-employee Tri-City Dental group with trend, credibility, plan design alternatives and employer contribution scenarios.”
TriCity-renewal-model.xlsx“Run the needs analysis for the two owners of a 12-person roofing firm from their fact finders, with income replacement, buy-sell funding and key person amounts.”
Roofing-needs-analysis.xlsx
Who it’s for
Insurance producers, brokers, agency account managers and CSRs in personal lines, commercial lines, life and employee benefits.
Questions
What if it misreads a dec page or misses a changed endorsement?
It cites the source file for every figure and flags what it could not find or reconcile instead of smoothing the two numbers into agreement. A misread can still get through, so you review every file it touched before a client, a carrier or an underwriter sees one.
Is employee health data safe to run through it for benefits renewals?
That decision belongs to your compliance officer. Census and claims files go to Paper Instruments’ servers, because that is where the model runs. The security and privacy details are on the compliance page, and your privacy officer should confirm what your HIPAA risk analysis requires before real data goes in.
Will using AI raise our E&O exposure?
It can, if AI output reaches a client unchecked, and that is why everything it touches comes back to you as a draft for review. Each number carries the file behind it, and the tool marks what it could not reconcile. Nothing is bound, quoted or decided by the tool, so the judgment stays with the licensed person.
Where does our data go?
Ultramarine Work changes files only in the project’s folder. When a request needs it, it can read files elsewhere on your computer, never passwords, keys or app data, and you can turn that off in settings. The model runs on Paper Instruments’ servers, so the content it works on is sent there to be processed. Paper Instruments is SOC 2 Type II, and our security and compliance details are on our compliance page.