AI-Powered Insurance Underwriting Automation

Ensure risk assessment accuracy, an optimal loss ratio, and 20x improved time-to-bind* with your custom AI Agent. We train it on your data and for your workflow, so it perfectly adjusts to your needs.
0% risk of human error
80%-97% workflow automation
Custom-built for you
Schedule Free Demo
*based on current client results
How It Works

Send insurance submissions to your AI Agent and watch it handle the entire underwriting process for you. From start to finish, in just one click.

Mass upload or reroute insurance submissions to your AI Agent
AI
extracts key submission details
classifies submissions
assesses risk
suggests data-driven decisions
drafts policy documents
extracts key submission details
Underwriting process completed
Multimodal vs Ready-Made AI

Get an AI Agent Built to Fit Your Underwriting Processes

Stop wasting time adjusting to tools built for everyone. Experience real automated underwriting with a tool that adjusts to you.
Multimodal AI Agents
Ready-Made AI
Customized for your use case
Pre-trained on public web data
Fine-tuned on your data
Integrated with your other systems
SOTA models
On-going expert support
Data stored on a private, secure cloud

Work 20x Faster

Manual insurance underwriting takes days or even weeks. Automated underwriting can take minutes. On average, clients achieve 20x faster workflows with our AI Agents.

Increase Customer Satisfaction

Customers want fast and accurate feedback in the least time possible. Artificial intelligence helps you provide it without adding overhead.

Minimize Errors

AI algorithms help you make fewer underwriting errors. They make strictly data-based decisions while giving human underwriters more time to review them.

Decrease Your Costs by 80%

Automation helps our clients achieve significant cost savings, averaging around 80% per processed document.
“Partnering with Multimodal allowed us to put together the next-generation barrier-breaking system we needed to overcome the obstacles we faced and start growing in a sustainable way.”
Tao Zhang
CTO and Co-Founder @ Caktus

Automate Your Underwriting Process in Just 2 Months

Order your custom AI Agent today, and we’ll build and implement it in as little as 8-9 weeks.
Schedule A Free Demo
End-To-End Automation

Automate Every Step in Your Insurance Underwriting Process

Replace partial tools with a custom AI Agent built for your entire workflow — no matter what it looks like. Here are just some possibilities; you can add more functionalities if needed.
Step 1

Insurance Submission Intake & Triage

Your AI Agent can automatically process, prioritize, and route submissions to the right underwriters based on your guidelines. Submission intake and triage can include:
Gathering data from disparate sources, like paper documents and official records, in one go
Checking submissions and supporting documents for completeness
Identifying submissions with special requirements and considerations
Classifying submissions based on urgency and complexity
Bank Statement
Tax Return
Paystub
Step 2

One-Click Data Extraction

Extract all the data you need to make smart underwriting decisions in one click, even if you’re dealing with multiple different document types.
Convert scanned documents or images to searchable digital formats
Extract relevant data, such as applicant information, asset details, and applicant’s claim history
Normalize, structure, and review data with ease
Some input text would go right here about something.
James O.
Data
Proof of Income
Credit Score
SSN
Employment History
Step 3

Risk Assessment

Drastically improve your risk assessment process with intelligent algorithms customized to your needs.
Easily identify risk factors of every prospective policyholder
Accurately assess claim likelihood and potential costs
Detect anomalies that may indicate fraud
Take all relevant data into account, from the applicant’s claim history to current market conditions
James O.
Risk Assessment
Analysis
Risk: 23%
Cost: $3,200
Market Fit: Yes
Step 4

Data-Driven Decisions

Your AI Agent can automatically suggest the next steps based on hundreds of data points analyzed.
Suggesting acceptance/rejection of insurance submissions
Determining premium pricing
Proposing specific terms and conditions, such as coverage limits and deductible amounts
Some input text would go right here about something.
James O.
Next Steps
Send Custom Terms
Analyze Custom Pricing
Step 5

Document Generation

Finally, your AI Agent can automatically generate documents reflecting the analyzed data and suggested decisions.
Generate underwriting reports summarizing the AI’s analysis
Draft policy documents
Generate any other necessary documentation, from internal memos to renewal notices
Application Form
Supporting Doc

How it works

Learn how we customize Generative AI models for your unique insurance underwriting needs.

01
Consultation.
We talk to your team to understand your use case and other unique requirements.
02
Customization.
We train the model using your existing documentation and your desired tasks, so it perfectly fits your needs.
03
Integration.
We integrate the model into your other systems, like customer support or CRM software, so you can streamline your workflow.
Your AI Partner

Why Choose Multimodal?

Developing AI in-house is time-consuming and risky. By partnering with us, you eliminate all risks and get a fully functional solution in two months.
100+
custom Generative AI models built so far
5M+
end users using our AI systems
30+
NLP, ML, data, and MLOps engineers and researchers on our team

Automate Your Underwriting Process in Just 2 Months

Order your custom AI Agent today, and we’llbuild and implement it in as little as 8-9 weeks.
Schedule A Free Demo

FAQs About AI Agents for Automated Insurance Underwriting

Who can benefit from underwriting automation?
All insurance companies can benefit from underwriting automation. Automated underwriting helps improve time-to-bind and risk assessment accuracy, but it can also enhance other non-core, supportive business processes.

For example, integrations with customer support systems can improve customer satisfaction and reduce user wait times. Integrations with CRMs, on the other hand, can also help improve sales and marketing results by giving you more data on your customers. We’d be happy to discuss additional options during a free consultation.
With which systems can my AI Agent be integrated?
Your AI Agent can be integrated with any system, from core insurance systems to CRMs and document management software.
What if I need more support?
We can provide support on an ongoing basis. It includes fixing potential issues, optimizing and evolving your AI over time, and more.
Can you help us develop a strategy for AI adoption within our insurance company?
Yes. Please visit our AI Strategy page for more details.
Can I see how automated insurance underwriting works before placing an order?
Of course. Schedule a free demo here. 
Can I use my AI Agent for any type of underwriting?
Yes, you can use your AI Agent for any type of underwriting because we train it for your use case. This includes:
1. Life insurance underwriting
2. Property insurance underwriting
3. Auto insurance underwriting
4. Any other type of insurance underwriting
What are Generative AI Agents?
Generative AI Agents are digital knowledge workers powered by large language models (LLMs). Unlike previous AI systems, Generative AI Agents can not only process but also generate data, such as reports and terms and conditions for specific insurance applicants.
How accurate are Generative AI Agents when used for insurance underwriting?
Generative AI Agents are extremely accurate; much more so than any other available tech solution. This is due to their exceptional ability to understand human language (whether it’s English, French, or any other). This enables them to process and generate data with unparalleled precision, often exceeding human abilities.
What should I look for in automated underwriting systems?
You should look for five main things in automated underwriting systems:

1. Flexibility. Your chosen system should suit your existing underwriting processes. Otherwise, you’ll have to adjust to the tool you’re using — and probably waste a ton of time in the process.
2. In-built knowledge of the insurance industry and your underwriting rules. Also, your system would ideally be trained on your specific company data and existing insurance applications. This can drastically influence its accuracy.
3. Integration options. You’ll probably also want to integrate your insurance underwriting system with your existing software stack, so you can automate your end-to-end workflow instead of just marginal parts of it.
4. Ease of use. Your automated underwriting system should be as easy to use as possible. Look for solutions with user-friendly interfaces and no-code or low-code features.
5. Versatility. Finally, your system should help you automate all repetitive tasks within your workflow. Machine learning systems are generally the best option here, as they can be trained for almost any knowledge-based use case.
Is automated underwriting better than manual underwriting?
Yes, automated underwriting is usually better than manual underwriting. It removes the risk of human error, accelerates the process, and helps you serve more clients in less time — without sacrificing your loss ratio.
What is automated underwriting?
Automated underwriting is a technology-driven process that results in data-driven risk assessment, submission evaluation, and, often, the generation of necessary documents, such as terms and conditions.