Challenge: Decrease the underwriters' workload by automating the selection of all appropriate forms and endorsements for package policies. This involves arranging them in the correct sequence within the policy jacket, all while requiring minimal manual intervention.
Solution: The Mercury Platform streamlines the insurance policy preparation process by automatically selecting all required forms and endorsements according to the selected coverages, limits, add-ons, and options during the quotation. Before issuance, it presents underwriters with all applicable optional forms, which can be easily included by checking a box. The platform ensures these forms are organized optimally in the final policy package, which is then generated and digitally stored in the document imaging system.
