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Services

What will AGI do for Product liability insurance products?

Underwriting insurance policies that insure against financial loss arising from legal liability for harm caused by a product sold by the policyholder.

The work itself

Grounded Work Profile

Tools

  • Insurance Policy Administration SoftwareserviceBlueprint
  • Underwriting Risk Modeling SoftwareserviceBlueprint
  • Actuarial Pricing SoftwareserviceBlueprint
  • Claims Management SoftwareserviceBlueprint

Outputs

  • Underwriting Risk AssessmentserviceBlueprint
  • Policy ScheduleserviceBlueprint
  • Claims Loss RunserviceBlueprint

Measured by

  • Claims Settlement TimeserviceBlueprint
  • Combined RatioserviceBlueprint

Key steps

  • Submit coverage applicationserviceBlueprint
  • Assess product exposure riskserviceBlueprint
  • Price and structure policyserviceBlueprint
  • Quote premium and termsserviceBlueprint
  • Bind and issue policyserviceBlueprint
  • Manage liability claimsserviceBlueprint

How AGI delivers it

Four ways AGI delivers for Product liability insurance products

  • 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

Value flow

How Product liability insurance products connects

absorbs

  • Claims Management Processmodel
  • Product Risk Transfer Processmodel
  • Risk Transfer Processmodel

composes

measured by

  • Claims Settlement Timemodel
  • Combined Ratiomodel
  • Policyholder Retention Ratemodel

optimizes

  • Loss Ratiomodel
  • Quote Turnaround Timemodel
  • Risk Selection Accuracymodel
  • Underwriting Cycle Timemodel

produces

  • Claims Loss Datamodel
  • Claims Loss Runmodel
  • Policy Recordsmodel
  • Policy Schedulemodel
  • Underwriting Risk Assessmentmodel
  • Underwriting Risk Assessmentsmodel

realizes

  • Adjudicate liability claimsmodel
  • Assess product exposure riskmodel
  • Assess product risk exposuremodel
  • Bind and issue policymodel
  • Collect premiummodel
  • Manage liability claimsmodel
  • Pay covered claim settlementsmodel
  • Price and structure policymodel
  • Quote premium and termsmodel
  • Submit coverage applicationmodel
  • Underwrite and price policymodel

Go deeper

Explore Product liability insurance products

Read the deeper take on agi.asView as markdown