AGI.do

Services

What will AGI do for Vehicle insurance products?

This subclass comprises underwriting property and casualty insurance policies related to the operation of personal or commercial vehicles. These policies provide financial protection against the loss or damage to property, or personal injury.

The work itself

Grounded Work Profile

Tools

  • Insurance Quoting EngineserviceBlueprint
  • Actuarial Rating EngineserviceBlueprint
  • Policy Administration SystemserviceBlueprint
  • Billing And Payments SystemserviceBlueprint
  • Claims Management SystemserviceBlueprint

Outputs

  • Policy Contract RecordserviceBlueprint
  • Premium Payment LedgerserviceBlueprint
  • Claims History RecordserviceBlueprint

Measured by

  • Claims Settlement TimeserviceBlueprint
  • Combined RatioserviceBlueprint

Key steps

  • Collect driver and vehicle dataserviceBlueprint
  • Score risk and price premiumserviceBlueprint
  • Present coverage quote optionsserviceBlueprint
  • Underwrite and bind policyserviceBlueprint
  • Issue policy documentsserviceBlueprint
  • Collect recurring premium paymentserviceBlueprint
  • Adjudicate and pay claimsserviceBlueprint

How AGI delivers it

Four ways AGI delivers for Vehicle 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 Vehicle insurance products connects

absorbs

  • Accident Claims Handlingmodel
  • Claims Administrationmodel
  • Motor Risk Managementmodel
  • Vehicle Financial Risk Transfermodel

composes

measured by

  • Claims Settlement Timemodel
  • Combined Ratiomodel
  • Customer Retention Ratemodel

optimizes

  • Claims Cycle Timemodel
  • Loss Ratiomodel
  • Premium Adequacymodel
  • Quote To Bind Ratemodel

produces

  • Claims History Recordmodel
  • Claims Recordmodel
  • Insurance Policy Documentmodel
  • Policy Contract Recordmodel
  • Premium Payment Ledgermodel
  • Premium Schedulemodel
  • Risk Rating Filemodel

realizes

  • Adjudicate and pay claimsmodel
  • Adjust and settle claimsmodel
  • Capture driver and vehicle detailsmodel
  • Collect driver and vehicle datamodel
  • Collect recurring premium paymentmodel
  • Issue and administer policymodel
  • Issue policy documentsmodel
  • Present coverage quote optionsmodel
  • Present quote and bind covermodel
  • Rate risk and price premiummodel
  • Receive and triage claimsmodel
  • Score risk and price premiummodel
  • Underwrite and bind policymodel

Go deeper

Explore Vehicle insurance products

Read the deeper take on agi.asView as markdown