40%
Administrative work instead of underwriting
40% of every underwriting dollar goes to manual administration — not to risk selection or pricing.
Source McKinsey, 2022
BUILT BY THE INDUSTRY, FOR THE INDUSTRY
The workbench underwriters love.The platform CUOs trust to scale their book.
Complete files. Clear decisions. The judgment they trained for —
applied to the risk, not the paperwork. And for the CXO watching
the book, the hit ratio and loss ratio to prove it.
SUBMISSION · ACCT-2026-TRK-0814PECO WORKING
Hartmann Freight, LLC
Clearance
Clear — no duplicates
Appetite match
Fits — regional fleet, within guidelines
Missing docs
2023 loss run — broker chase sent
FMCSA ISS
74 / Continue
Risk score
Moderate — quotable with conditions
Triage
Priority queue — senior underwriter
SOURCE · CONFIDENCE · AUDIT TRAILLIVE
Outcomes
1–3 days
Quote turnaround, down from 2–3 weeks
30→48%
Hit ratio improvement after deployment
Maturity
18
Carriers & brokers live
5+ yrs
Patented IP
The State of Carrier Underwriting Today
That's how hit ratios fall.
Fragmented systems and incomplete information slow every underwriting decision.
78%
Speed wins the business
78% of brokers place their best business with the first quality quote. Not price. Not coverage.
Source CIAB Market Survey
No Single View
Underwriters jump between emails, policy admin systems, spreadsheets and external tools — wasting valuable decision time.
Result: Slower cycle times and missed opportunities.
Incomplete Submissions
The ACORD is missing pages. The loss runs are unreadable. The vehicle schedule doesn’t match the fleet count. By the time the file is complete enough to underwrite, the broker has already bound it elsewhere.
Result: Lost opportunities before underwriting even begins.
Talent Wasted on Admin
Your most expensive hire spends most of their day chasing documents, not underwriting them. Senior judgment — the thing you actually pay for — held hostage to data collection.
Result: High cost, low impact. Less time for what moves the needle.
Decisions on Bad Data
Less time per file. Incomplete data. Pressure to move. That’s how bad underwriting decisions happen — and how a single account can cost a carrier $50M in adverse development.
Result: Poor decisions. Expensive consequences.
THE WORKBENCH WORKED OVERNIGHTBy the time the underwriter sits down,
By the time the underwriter sits down,
everyone's work for the week is already done.
Submissions read. Data extracted. Third-party sources pulled. Clearance run. Appetite matched. Brokers chased. The underwriter opens to a prioritised queue and a complete file.
A prioritised view of the book — not an inbox of email.
Active accounts ranked by profitability. KPIs and SLA tracking on day one. Recent activity, headlines, and exposure trends — for the line you're actually writing.
✓
Files gathered overnight
Every document read, every third-party source pulled, every gap flagged.
✓
Queue ranked by profitability
Senior judgment lands on the file, not on finding it.
It doesn't just complete the file. It tells you what's wrong with it.
The real value isn't a clean file — it's the discrepancy caught before you quote. A DOT mileage that doesn't match the application. A missing loss year. An exposure the submission understated. Flagged, with the action item, before the underwriter spends a minute.
!
Discrepancies flagged
DOT mileage 326,300 vs 253,780 on the submission — surfaced, not buried.
!
Action items assigned
Missing 2023 loss run — broker chase drafted and queued automatically.
!
Appetite misfit caught
Out-of-appetite flagged at intake — not at week three of underwriter time.
ACCOUNT 360A complete account, not a collection
A complete account, not a collection
of incomplete documents.
MVR Dashboard
MVR Dashboard
Five years of loss history. Structured, trended, interrogable.
Loss runs from every prior carrier — read, normalised, trended by year and line. Claims frequency, severity, open reserves, large loss detail — assembled before the underwriter opens the file.
Risk Insights
The fleet's full risk profile, on one screen.
Vehicles, violations, accidents, drivers — counted, costed, and charted by equipment type. The pattern that decides the price.
Loss Analysis
Build the program around the risk.
Coverage lines, limits, package structure — designed against the account's actual exposure, not a generic template.
Carrier Recommendations
The right risk, scored against appetite.
Match score, estimated premium, strengths and requirements — assessed against appetite before a minute is spent underwriting.
WHAT IT DELIVERS
Underwriting so good, you’ll miss the old paperwork.
Before & After CogniSure
Hit ratio up 18 points. Loss ratio down 5. For a carrier writing $1B GWP — that combination is worth $10–20M annually.
Cost
70–80%
Reduction in underwriting assistant cost. Automation handles what assistants spent their days doing.
Loss Ratio
3–5pp
Loss ratio improvement. Bad accounts flagged. Adverse selection caught. Judgment codified at scale.
THE FOUNDATION NO ONE ELSE HAS
Deterministic. Auditable. Configurable.
Not probabilistic. Not best-effort. Every output traceable, every decision defensible, every result repeatable — because the foundation was built that way.
Compliance Layer
Defensible on demand.
Every action is logged. Every decision is explainable. Every audit is effortless.
OFAC · Sanctions ScreeningNICB Daily RescreenFull Audit TrailHITL Gates by DefaultISO 27001 · HIPAASOC 2 Ready
Rules Layer
Your book, your way.
Appetite, clearance and triage logic configured to your division — without engineering tickets.
Appetite Logic · Per LineClearance · DedupTriage ScoringNo-Code Configuration
SEMANTIC DATA LAYER
One version of the truth.
Normalised, enriched and source-tracked — every field carries its provenance and confidence.
5,000+ Normalised ElementsAuto · Property · GL · WC · ExcessMVR · DOT · FMCSA · CABSource + Confidence per Field
Extraction Layer
Nothing gets missed.
Purpose-built algorithms read every submission artefact — however messy the source.
1,000+ Algorithms · All LOBsACORDs · SOVs · Loss RunsUnreadable PDFs · Handwritten99% Accuracy
Audit Trail Example
Document Received10:21 AM
Data Extracted10:21 AM
Rules Evaluated10:22 AM
Underwriter Reviewed10:23 AM
Decision Logged10:23 AM
An agentic AI that cannot hallucinate.
The underwriting intelligence running across the entire workbench — not a chat window bolted to a dashboard. Every answer grounded in the actual account: the documents, the data, the rules. It doesn't guess. It cites.
Peco: Your Underwriting Assistant
Illuminate
Every document read, structured, and validated. Before a human touches the file.
99% extraction accuracy
90+ insurance-native models
Zero manual fixes
Ask Peco: "Which documents are missing and what did Peco do about it?"
Orchestrate
The right submission reaches the right underwriter; cleared, scored, ready to price.
100% configurable workflows
Cleared & triaged at intake
Routed to the right underwriter
Ask Peco: "Why was this account flagged out of appetite and which rule triggered it?"
Engage
Analyse intelligently. Turn a bound decision into action, with no manual handoff.
Configure reporting
Investigate trends
Analyse in the most intelligent ways
Ask Peco: "Build me the loss-trend report for this account."
Integrate
Integrate seamlessly with every policy admin system.
Configure easily as integration needs change.
Duck Creek · Guidewire · Salesforce
Meet carrier submission requirements for brokers
Ask Peco: "Push the bound policy to Guidewire."
This can be your underwriter's morning.
Peco works a live submission, task by task — while the underwriter asks in plain English and gets answers from the account: grounded, source-cited, defensible.
Peco · working ACCT-2026-0418
Reading submission documentsACORD 125, loss runs, vehicle schedule — 14 files
✓
Extracting & structuring data5,000+ data elements · source-tracked
✓
Pulling third-party dataFMCSA · MVR · CAB · DOT inspection history
✓
Running clearance & dedupOFAC screen · duplicate check across brokers
✓
Matching against appetiteTrucking division rules · fleet size · radius
✓
Drafting broker chase email2022 loss run missing — request queued
✓
Scoring & triaging the riskProfitability-weighted · ready for underwriter
✓
Peco Smart Risk Selector
👋 I'm Mr PECO, your underwriting copilot. Click any suggested question below to see a grounded answer.
Try one of these questions
LINES OF BUSINESS
Purpose-built for commercial lines.
Each line carries its own data model, completeness rules, exposure logic, and enrichment sources. Not a one-size template stretched across verticals — a purpose-built model for every line you write.
Commercial auto · fleet
Transportation 360
Know MoreReads MVR batches, IFTA reports, loss runs, and unit schedules together — then scores driver risk, radius, and loss frequency the way a trucking desk actually thinks.
MVR batchIFTAUnit scheduleLoss runs · 5yrDOT / SAFER
Extracted signals · sample
Fleet size38 units
MVR severity3 major
Loss frequency↑ 3-yr
Radius profilelong-haul
Also purpose-built for
Commercial AutoGeneral LiabilityUmbrella / ExcessConstructionInland MarineProfessional LiabilityD&OBOP / PackageHealthcareEmployee Benefits
It is the dawn of a new era of underwriting.
The carriers who move now won't just be faster. They'll be more accurate, more profitable, and harder to compete against. Don't miss the siren call of AI.