Industry Veterans Join Forces to Create AI-Powered Renewal Book Solutions, LLC - Offering streamlined underwriting services for MGA Renewals

▤ Summary

What this joint venture sets out to do is an AI solution for a specifically defined problem that can be implemented quickly with the least amount of technological integration. The generative AI element of the Understudy Platform could provide significant efficiencies for the renewal book. It can verify changes in exposure including flood plan information, crime data, the addition of pools or dance floors. "There is one thing that AI cant do - take that long walk down the hall to explain to your CUO why you wrote that account that just spectacularly blew up. With rising loss and operational costs Understudy believes the best way to impact a balance sheet is through supporting the art of underwriting.

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