Case Study: a leading insurance company cuts underwriting audit time by 45% with FurtherAI

Leading Insurance Company - Customer Case Study

The leading insurance company, responsible for supporting over 100 MGAs, faced a highly inefficient underwriting audit process. Each MGA audit required approximately 200 hours of manual work, with half of that time consumed by data extraction and validation tasks, leaving little time for expert analysis.

By implementing FurtherAI’s Underwriting and Policy Audit solution, the insurer automated the data extraction phase of the audit. This resulted in a 45% efficiency gain, reducing the total audit time from 200 hours to 110 hours per MGA. FurtherAI’s solution also enhanced compliance accuracy and freed up approximately 100 hours per audit to be reallocated to higher-value strategic activities.