Case Study: Markel achieves $30M in new quarterly premiums with Indico Data

Markel boosts quarterly premiums by $30M with Indico Data

Markel, a Fortune 500 specialty insurance company, faced operational bottlenecks as its manual underwriting intake processes struggled with high volumes of unstructured submissions. This limited underwriting capacity and growth. To address this challenge, Markel partnered with Indico Data to implement its Intake & Orchestration Platform.

The solution from Indico Data standardized submission intake by ingesting unstructured data, extracting key information, and delivering system-ready data to underwriters. This significantly reduced manual effort and increased processing speed. As a result, Markel now generates a net increase of $30 million in underwriting premiums per quarter and can process up to 1,200 submissions daily without adding staff.

Markel