Processes

What will AGI do for Rate renewed policies?

An active property and casualty policy approaches its expiration date and triggers a renewal workflow requiring a new premium calculation.

Trigger
An active property and casualty policy approaches its expiration date and triggers a renewal workflow requiring a new premium calculation.
Outcome
The renewal premium is fully calculated, validated, and applied to the policy offer for the upcoming term.

The work itself

Grounded Work Profile

Measured by

  • Rating AccuracyprocessProfile
  • Renewal Rating Cycle TimeprocessProfile
  • Straight-Through Processing RateprocessProfile
  • Premium Variance PercentprocessProfile

Key steps

  • Retrieve expiring policy details and current coverage limitsprocessProfile
  • Assess changes in the policyholder risk profile and claims historyprocessProfile
  • Apply updated actuarial tables and regulatory base ratesprocessProfile
  • Calculate the base premium for the new termprocessProfile
  • Apply applicable discounts, surcharges, and state-specific adjustmentsprocessProfile
  • Validate the final renewal rate against underwriting guidelinesprocessProfile

How AGI delivers it

Four ways AGI delivers for Rate renewed policies

  • 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 Rate renewed policies connects

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