Conduct Automated Quality Checks on Underwriting Files

Ensuring underwriting files are complete, consistent, and adhere to guidelines before binding is crucial. Manual quality checks can be time-consuming and may miss subtle errors. LLMs can automatically review underwriting files, checking for missing documents, data inconsistencies, adherence to pricing rules, and compliance with authority limits. This acts as a final safety net, improving quality and reducing errors & omissions (E&O) exposure. An LLM could flag a file where the premium calculation doesn't match the approved rating factors.