AI-powered insurance submission triage that brings decision support to the top of the funnel.
Request a DemoAs soon as a submission arrives, Submission Triage determines whether a deal should be automatically declined, followed up for more information, or prioritized for intake.
Submission Triage acts like a digital underwriting assistant, enabling your underwriters to act faster by finding the data that matters.
By automatically declining bad-fit deals, Submission Triage can improve broker relationships with a quick No, and encourage brokers to send more suitable submissions in the future.
Underwriters get the best deals surfaced first for their immediate attention, helping them spend more time on good business that is likely to bind.
The Federato platform automatically identifies and surfaces submissions from your underwriter’s email inbox, saving time and preventing deals from slipping through the cracks. Underwriters are able to get quotes out up to 89% faster.
We're able to touch more accounts, which is really the name of the game. More quotes, less time, equals more premium."
Once a submission is identified, the system gives it a triage score based on your business's unique appetite and winnability data. The submissions that best fit your parameters receive the highest scores, and are recommended first to your underwriters, driving up to 2.8x more high-appetite quotes.
For submissions that clearly aren’t a fit for your business, such as unsupported states or NAICs, the platform recommends a decline. If you choose, it can even send declines automatically to those submissions. With up to 71% less time spent identifying guidelines, underwriters reclaim time for higher-value opportunities.
Federato shows us winnability scores and appetite scores that help us triage our risk, so that we can work on the highest winnability and highest opportunity risk first, which helps our overall bind efficiency and drives a 30-50% lift in our ability to write more good premium."