Problem:

Commercial insurance applications are notorious for their complexity and length, often deterring insurance agents who invest significant time and effort in completing these forms. Unfortunately, this effort frequently yields no quotes from carriers, resulting in frustration and wasted resources. In many cases, agents opt to abandon applications if they perceive a high likelihood of not receiving a quote, instead turning to carriers they have previously found success with.

Goal:

Our goal is to develop a solution that offers insurance agents a clear understanding of which carriers are still interested and willing to provide quotes for their prospective clients. This solution should empower agents with valuable information without disrupting their workflow.

Assumption:

We assume that by reducing the uncertainty surrounding the application process and providing agents with insight into which carriers are "in-appetite" to provide quotes, we can significantly reduce the application abandonment rate. This, in turn, will improve the overall efficiency and effectiveness of the commercial insurance application process.