Case Study: Leading Commercial Insurance Company achieves 5% improvement in Submission-to-Quote ratio with EdgeVerve AI Next

A global insurance provider improves the ‘Submission-toQuote’ ratio by 5%

Leading Commercial Insurance Company engaged EdgeVerve to tackle slow, manual underwriting and fragmented submission management. Using EdgeVerve’s AI Next Commercial Insurance (Document AI–based) platform, the insurer sought a single, comprehensive view of submission data, better tracking from clearance to bind, structured carrier/broker communication, and improved reporting and prioritization across lines of business.

EdgeVerve implemented its Document AI platform integrated with the incumbent email system to extract and enrich submission data, create a unified submission interface, and prioritize workflows with third‑party data enrichment. EdgeVerve’s solution boosted underwriter productivity and reduced response time, delivering a 5% improvement in the Submission‑to‑Quote ratio, a 40% reduction in manual effort for submission clearance, and a more than 15% increase in Quote‑to‑Bind.