Processes

What will AGI do for Determine premiums?

A request to price a new, renewing, or modified policy is received with completed risk evaluation and rating parameters.

Trigger
A request to price a new, renewing, or modified policy is received with completed risk evaluation and rating parameters.
Outcome
The final premium amount is calculated, validated, and recorded for the policy quote or endorsement.

The work itself

Grounded Work Profile

Measured by

  • Premium Calculation AccuracyprocessProfile
  • Premium Processing Cycle TimeprocessProfile
  • Rate Adequacy RatioprocessProfile

Key steps

  • Review risk assessment and underwriting rating factorsprocessProfile
  • Apply base rates according to actuarial tables and filed rate plansprocessProfile
  • Apply specific debits, credits, and policyholder discountsprocessProfile
  • Calculate statutory surcharges, fees, and taxesprocessProfile
  • Determine final gross premium for the policy termprocessProfile
  • Validate premium against regulatory and internal pricing guidelinesprocessProfile

How AGI delivers it

Four ways AGI delivers for Determine premiums

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

    Services.do
  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

    Agents.do
  • Business-as-Code

    Encode how your work runs, once, as software that executes itself.

    Platform.do

Value flow

How Determine premiums connects

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