solutions
submission triage

Automate Underwriting Submission Triage

Accelerate Submission Triage with AI

Accelerate your underwriting submissions processing with best-in-class AI to accurately extract broker data from emails and documents including slips, renewal policies, engineering reports, SOVs, and others.

Problem Statement

Are you struggling to navigate the complexities of your broker submissions process?

High volumes of broker submissions that lead to backlogs, delays, and increased chances of errors.

Failing to prioritize broker submissions properly can lead to critical delays and missed deadlines.

Manual data entry and processing, makes it prone to errors, which can lead to compliance issues.

Optimize Your Submissions Process with Smart Triage

Empower your underwriters with the tools to minimize risks, drive operational efficiency and maximize revenue

Optimize Your Submission-to-Quote Ratio

Boost your submission-to-quote ratio by focusing on the risks that matter most, while minimizing time spent on less critical risks.

Enhance Your Quote-to-Bind Ratio

Elevate your service levels to broker partners to boost binder likelihood and strengthen your status as a preferred underwriter.

Lower Your Loss and Expense Ratios

Enhance decision-making by identifying loss patterns, while lowering expenses through better risk management and reduced broker commission requests.

featureS

Key Capabilities

Data pre-processing

Automatically detect new documents as they arrive via direct email, API, S3 buckets or SFTP integrations.
Instantly separate concatenated documents into individual files.
Leverage machine learning to automatically classify documents into their respective genres/subgenres.
Associate every document with a family ID that is added to the email body or related documents.

Data extraction

Accurately extract relevant terms or phrases by understanding both context and content.
Get over 90% accuracy (OOTB) while extracting information from broker submissions.
Easily extract information from emails, attachments and documents such as slips, renewal policies, engineering reports, SOVs, and others.
Analyze data points specific to your business with easy-to-train, custom AI models.

Data post-processing and validation

Apply customer-defined rules to standardize, clean, and cross-reference extracted data.
Review documents and extracted data with human-in-the-loop capabilities.
Validate data accuracy by flagging confidence levels based on configurable thresholds.
Track all changes in audit logs, with export options available through UI and APIs.

Centralized information access

Organize broker submissions in a secure repository with a full audit trail of communications, edits, and more for every document.
Instantly search your submissions repository for plain-language answers to underwriting questions, like risk details, policy coverage, or applicant history.
Discover deeper insights using AI-recommended follow-up questions.
Utilize REST APIs and pre-built connectors to integrate underwriter’s workbenches and platforms such as Salesforce, Unqork, and Xceptor.

“As part of our contract digitization program, we didn’t want to stop at just putting our contracts in the cloud. We wanted complete visibility and control over the deliverables and obligations in our contracts. We found the perfect answer in Sirion.”

Sabih Rozales, Principal Commercial Contract Manager

“All our contracts are established and maintained in Sirion, a fit-for-purpose CLM solution. Today, we manage all our regulatory requirements, adapt smartly to banking changes and leverage rich insights for real-time reporting, through Sirion.”

Edzard Janssen, Chief Procurement Officer

“Some of the biggest highlights of working with Sirion for me have been watching how the technology has changed over time. And how it gets better and better every single time new functionality is released.”

Jaclyn Schuler, Director of Contract Lifecycle Management

“Sirion’s industry-leading AI technology offers significant advances giving instant access to critical data, automating non-value-added tasks, and driving behaviors that result in better contracting outcomes with third-party relationships.”

Toby Yu, Contract Management Services Leader

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