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Insurance

Draft quote and policy documents

Runs a complete risk file through your rater and guidelines, drafts the quote and, after your underwriter binds, the policy documents. Your underwriter sets the terms and signs off.

A woman signing documents
YP×
When
When a risk file is complete
Systems
Policy systemExcelOutlook
Mode
Drafts only. Your underwriter sets the terms and binds
Problem

Once the file is complete, the risk is rated in a spreadsheet rater, checked against the binder and the underwriting guidelines, and written up as a quote. After binding, the same details are typed again into the policy schedule and documents.

What it does

YP runs the risk details through your own rater, checks limits, deductibles and exclusions against your binder and guidelines, and drafts the quote. After the underwriter binds, it drafts the policy schedule and documents from the same data in your policy system.

How it works

See exactly how the work gets done.

Work on the quote starts when the risk file is complete. A risk file marked complete in your policy system starts the run.

The risk is rated with your own rater. The indicated premium comes from that rater and your rating rules, so the figures come from your data and not from the model.

YP checks the risk against your binder authority and guidelines. Limits, deductibles, territory and exclusions are compared with both, and anything outside authority is flagged for referral to the insurer.

The quote is drafted first and the policy documents follow after binding. The schedule and policy documents are drafted from the same data as the quote.

Your underwriter decides on the terms and binds the risk. The underwriter sets the final terms, premium and conditions, and no quote or policy leaves without their sign-off.

The outcome

Your underwriters spend their time on the decision. Quote and policy documents are drafted from the same data.

01
Premium from your rater

Draft quote in your policy system, ready for review

02
Every referral flagged

Risks outside your binder authority, marked for the insurer

03
Underwriter binds

Sets the terms, then policy documents are drafted

For your numbers

YP rates each risk with your rater and drafts the quote and documents, so your underwriters spend their time deciding and write more business.

How it runs

Designed for enterprise.

Private

Runs on your infrastructure. Drawings, prices, client and claims data never train a model.

Explainable

Not a black box. An AI auditor checks that every task was done as intended and proposes improvements.

Traceable

Every value links to the document, rule or record it came from. Every step is logged. A named person approves anything that leaves the building.

Your systems

Works in your ERP, CargoWise, policy system, GIS and file shares. Nothing is replaced.

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Frequently asked questions