AI for Insurance Underwriter

I'm an insurance underwriter reviewing a submission for a business I'm not familiar with. Give me an underwriting-focused briefing on this type of operation. Business type: [e.g., vertical hydroponic farm / drone delivery service / med spa / cannabis dispensary] Lines of coverage I'm considering: [e.g., commercial general liability and commercial property] Cover: 1. How the operation works (brief — what do they actually do day-to-day?) 2. Major property exposures and common property loss causes 3. Major liability exposures and common liability loss causes 4. Key underwriting questions I should ask the applicant or agent 5. Any industry-specific red flags or exclusions I should consider

Analyze this 5-year loss run for a commercial insurance account. Calculate and summarize: 1. Loss ratio by year (if premium is provided) or total incurred losses by year 2. Frequency trend: number of claims per year, improving or deteriorating? 3. Severity trend: average claim size per year, improving or deteriorating? 4. Any single large losses that are distorting the overall picture 5. Overall verdict: is this account's loss experience improving, stable, or deteriorating — and what's driving it? Format as a short paragraph I can paste into my underwriting file note. Loss run data: [paste the loss run text here]

Build a rate increase justification for a renewal account. I need to explain why the premium is increasing and support each factor with clear reasoning. Account type: [e.g., commercial property — warehouse / BOP — restaurant / workers comp — manufacturing] Current premium: [$X] Renewal premium: [$X — X% increase] Contributing factors (list what applies): - Loss history: [e.g., 3 claims totaling $45,000 in the past 2 years / loss ratio of 145%] - Exposure changes: [e.g., revenues up 25%, added a second location, payroll increased $200,000] - Market/rate environment: [e.g., commercial property rates up 15–20% industry-wide / cat-exposed coastal property] - Valuation update: [e.g., replacement cost updated from $2.2M to $3.1M based on current construction costs] Format: For each factor, one clear paragraph explaining how it contributes to the rate change. Then a brief summary sentence.

Draft an underwriting referral memo to my senior underwriter requesting approval to bind this account above my authority level. Account basics: [business type, location, years in business, revenue] Coverage requested: [lines, limits, premium] Why this exceeds my authority: [e.g., limit above $X, unusual operation, loss history requires senior review] Risk highlights (positives): [what makes this a good risk — long tenure, good loss history, strong financials, key account relationship] Risk concerns (negatives): [honest assessment of concerns — loss history, hazard, pricing challenge] My recommendation: [bind / bind with conditions / decline — and brief reasoning]

Write a professional underwriting file note documenting my renewal decision for this account. The note should document my analysis and justify my decision. Account type: [e.g., commercial restaurant / apartment complex / retail] Current premium: [$X] Renewal premium: [$X — increase/decrease/flat] Loss history summary: [e.g., 2 claims in 5 years totaling $8,000 / clean 5-year record / deteriorating — 4 claims in last 2 years] Key exposure changes: [e.g., revenues increased 15%, added new location, no changes] Rate change justification: [e.g., loss experience, market conditions, updated valuations] Special conditions or endorsements: [any changes to coverage terms, exclusions added, requirements] Decision: [renew / renew with conditions / non-renew]

Summarize the following commercial insurance submission. Extract and organize: 1. Business description: what they do, where they operate, how long in business 2. Coverage requested: lines, limits, deductibles 3. Key risk characteristics: building type/construction (if property), number of employees, revenues, major operations 4. Loss history: number of claims, total losses, any large single claims, any patterns 5. Red flags or items requiring follow-up: anything unusual, incomplete, or potentially problematic Format as a short structured summary (bullet points or short paragraphs). I'll use this to decide whether to quote, decline, or request more information. Submission text: [paste the submission text — ACORD app, supplements, loss run — or key sections]