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The Ledger
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Model assumption
The AI first-pass removes approximately 55% of the labor burden on the covered share of submissions — it handles loss-run analysis, technical pricing data pull, risk scoring, and the quote draft. The licensed underwriter still reviews, makes the coverage judgment, and signs every bind. The credentialed actuary still owns and certifies the rate methodology. The 55% labor-reduction factor on covered submissions is a conservative mid-range estimate; validate against your own workflow time studies.
Annual submissions
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submissions/month × 12
Current annual handling cost
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Annual subs × cost per submission
AI-assisted annual cost
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Claude seat + residual human review cost
Annual reclaimed
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vs. current handling cost
New cost per submission
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vs. $850 current
5-year cumulative reclaimed
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Assumes stable desk size and submission volume
Cycle time — AI-covered submissions
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vs. — current
Uncovered submissions (still full desk)
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Handled at current cycle time and cost — complex, specialty, or flagged accounts
Extra capacity unlocked / month
Additional submissions the desk can absorb at same headcount, using reclaimed time
Estimate & Compliance Notice
Estimate only. The AI does first-pass triage, loss-run analysis, technical pricing, and the quote draft. A licensed underwriter still signs every bind and a credentialed actuary still owns and certifies the rate methodology. Admitted carriers can only charge their filed and approved rates; this tool models internal handling cost and cycle time, not the filed rate. The desk is re-pointed from mechanical grind to judgment and referrals, not eliminated. Validate against your own numbers and your NAIC AI governance program.