Binder Guidelines Search demo
Ask whether a risk fits the binder in plain words; the answer comes back with the clause that decides it. 1:14
What the demo shows
A search solution for MGA underwriters that says if a risk fits the binder, citing the clause.
The underwriter describes the risk in plain words; six agents read its facts, test every binder condition in force on the effective date, and open the binder at the deciding clause, highlighted. When the answer is not yes, it names the closest permitted alternative ('fits if the coastal location is written at a $10M loss limit'), applies it on request and re-rates it. The underwriter binds or refers; the carrier decides referrals.
Transcript
- Binder Guidelines Search tells MGA underwriters if a risk fits the binder, citing the clause.
- Binders run to 200 pages, so underwriters refer too much or bind what they shouldn't.
- Dana asks about a three-site storage risk in plain words.
- Agents read 12 facts.
- Twelve binder conditions are tested.
- Two are missed, both at League City.
- As submitted, it's a referral.
- but the answer doesn't stop at no.
- It fits with a $10 million loss limit, and the binder opens at that clause.
- Dana applies it, within authority, re-rated from the rating guide.
- Every question is logged by clause, as evidence for the next binder renewal.
- Fewer needless referrals, and every answer shows the clause that decides it.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.