In the world of commercial insurance, brokers and agents are reviewing policy agreements in their evenings and at weekends. These contract reviews are consuming masses of labor, are time consuming and open to error. This isn’t a small cost to the industry either. The 150 largest Independent Agents alone employ around 500,000 people with half of them in admin roles. There has to be a tech solution to this…let me introduce you to RiskGenius – the Google of insurance policies!
The issue is this. Insurance professionals across the world are struggling with contract reviews. And this inefficient process is impacting underwriters, agents, and brokers alike.