Submission Intake & Clearance
The Challenge
Bound AI was explicitly built for the chaos of specialty insurance – messy documents, complex risk profiles, and
high-stakes timelines. Unlike generic AI platforms, Bound AI handles real-world inputs like SOVs, loss runs, and
ACORDs with the precision your team needs to quote faster and bind smarter.
Speed is also a huge factor: insurers that respond first are up to 40% more likely to bind.
(McKinsey)
How Bound AI Solves It
Bound AI transforms submission intake from a manual bottleneck into a fast, intelligent, and automated process.
Our platform extracts and validates submission data in real-time, flags incomplete or ineligible risks, and routes
the right submissions into your workflow so your underwriters can focus on writing, not chasing data.
Key Capabilities
Instant Data Capture
Automatically extract key data from
emails, PDFs, and spreadsheets.
Automatically extract key
Applies your underwriting rules to
check for eligibility and completeness.
Intelligent Routing
Directs submissions to the right
workflows or declines them instantly
if out of appetite.
Deeper Insights
Captures enriched data to
support portfolio analysis and risk
segmentation.
Business Impact
40–50% increase in submission-to-bind ratio
Up to 90% faster submission intake
60% reduction in manual data entry errors
2x increase in underwriter productivity
Enhanced market reputation through faster broker response times
Industry Snapshot
During peak renewal season, one national MGA used Bound AI to triage over 8,000 submissions in two weeks,
responding to brokers up to 5x faster than before and increasing their bind rate by nearly 50% in key programs.
“Bound AI enabled our underwriting team to consistently respond first to brokers, substantially improving our bind
ratio and significantly growing our market reputation.” – VP of Underwriting, Leading MGA
