Generate Underwriting Decision Rationale Automatically

Documenting the reasoning behind underwriting decisions (acceptance, rejection, specific pricing) is crucial for compliance, audits, and internal review. Manually writing these justifications is time-consuming. LLMs can automatically generate clear, concise summaries explaining the key factors and data points that led to a specific underwriting decision. This improves transparency and ensures a consistent audit trail. For example, if an application is declined, the LLM could draft a note citing the specific risk factors identified during analysis that exceeded the insurer's appetite.