Insurance carriers who are looking to take their organizations to the next level know that technology has the potential to reduce manual work, streamline operations and improve decision making. The path to get there has proven to be a challenge.
Many solutions in the market fail to take into account underwriters’ existing workflows, the nuances of their needs and the pace at which they can implement change. They have been burned many times by vendors who failed to actually meet their needs and implementations that leave them resource-constrained for long periods of time and with very little progress to show. Instead of being able to see value quickly and iterate, they are left waiting several months for a big bang approach to implementation.
Groundseed by Insurance Quantified takes a different approach. We take the time to understand your needs and how our product fits into your workflow. Designed specifically for underwriting teams, our AI-powered automation integrates seamlessly into existing workflows, eliminating inefficiencies without disruption. Underwriting teams can be up and running quickly in under 90 days by starting small and scaling as their needs evolve.
The Underwriting Automation Challenge
Despite advancements in AI and data extraction, many underwriting teams still depend on manual data entry or outsourcing to BPO vendors. This isn’t because they don’t recognize the value of automation—it’s because most available solutions aren’t built with underwriting workflows in mind.
The biggest challenges underwriting teams face when implementing new technology include:
- Rigid technology that isn’t designed for underwriting workflows or data needs. One-size-fits-all automation rarely works for complex processes—especially when it can’t distinguish a VIN or an SSN, or identify a body part in a loss run—forcing teams to adapt to the tool instead of the other way around.
- Slow and complex implementations. Many automation solutions take months—or even years—to fully integrate, leaving underwriters waiting for improvements that never seem to materialize.
- Heavy reliance on manual intervention. Data extraction tools may claim to eliminate manual work, but underwriters often find themselves verifying outputs, correcting errors, and filling in missing information, negating efficiency gains.
These roadblocks prevent underwriters from maximizing the value of automation. But with the right approach, underwriting teams can start small, gain efficiency quickly, and scale automation over time.
Start Small, Iterate, Grow: A Roadmap to AI-Powered Underwriting
Groundspeed makes automation accessible by delivering real value in under 90 days and allowing teams to scale at their own pace. Our structured approach ensures minimal disruption and maximum impact.
Step 1: Start with One Line of Business
The fastest way to benefit from automation is to start with a single, high-impact use case. For many underwriting teams, that means automating loss run ingestion for one line of business. By focusing on a targeted workflow, teams can process data faster while we build your data asset. Underwriting teams can experience immediate efficiency gains and build confidence in the solution in under 90 days.
Step 2: Expand One Dimension at a Time
Once the initial workflow is running smoothly, underwriting teams can begin layering in additional automation, such as:
- Loss run expansion into other lines of business
- Adding new document types (e.g., E-Mods, risk reports, submissions) within existing lines of business
- Integrating AI-powered data extraction into additional workflow points,
This phased approach ensures underwriting teams can scale automation strategically—without the risks of a full-system overhaul.
Step 3: Build Toward Full AI-Powered Ingestion
As teams expand automation across their underwriting workflows, they unlock greater efficiencies and data-driven decision-making. A fully integrated AI ingestion process can:
- Automate document processing across all submission types.
- Improve data accuracy and decision-making speed.
- Deliver structured data tailored to underwriting needs at exactly the point in the workflow where it’s needed.
- Leverate ingested data to identify risks and apply rules to increase efficiency to the underwriting process.
With this approach, underwriting teams achieve immediate impact, minimize risk, and scale on their terms—all without disrupting their core operations.
Groundspeed: A Natural Extension of Your Workflow
Groundspeed’s purpose-built, AI-powered automation is designed to fit seamlessly into existing underwriting workflows, ensuring greater efficiency without changing the way underwriting teams work. Groundspeed aligns with underwriting needs, making automation a natural evolution—not a disruption.
Here’s how we support AI adoption:
- AI-powered data extraction: Automates ingestion of submission documents such as loss runs, E-Mods, and underwriting reports, eliminating manual data entry.
- Workflow-specific customization: Adapts to underwriting processes rather than forcing process changes.
- Seamless integration: Works within your existing underwriting platforms without workflow disruption.
- Flexible data access: Supports everything from manual file uploads to full automation via API, enabling integration with your downstream systems at your pace.
- Faster, more accurate decision-making: Ensures underwriting and actuarial teams have structured data in real time, reducing turnaround times and improving risk assessment.
By focusing on automation that enhances underwriting, Groundspeed enables teams to make faster, more confident decisions while reducing inefficiencies.
Looking Ahead: The Future of Automated Underwriting
As underwriting grows more complex, AI-powered automation will play an even greater role in supporting the underwriting workflow. The ability to ingest, structure, and deliver high-quality submission data in real time will be essential for:
- Faster and more consistent risk summaries
- Improved underwriting profitability
- Greater agility in adapting to new market conditions
AI-powered automation is here, and with more than 70% of carriers saying that it’s a priority for them, those who aren’t implementing will be left behind.
Groundspeed is helping underwriting teams eliminate inefficiencies, improve decision-making, and scale automation at their own pace. Start with a single use case, see the results, and grow from there.
Ready to get started? Let’s talk about how AI-powered automation can fit seamlessly into your workflows. Request a demo today.
