Vertafore Launches AI Agent to Automate MGA Submission Processing
Event summary
- Vertafore introduced the Velocity AI Submission Processing Agent on July 8, 2026.
- The agent automates unstructured submission intake for MGAs, reducing manual work and accelerating underwriting decisions.
- Early users report an 87% accuracy rate in processing submissions of various formats without additional configuration.
- The tool evaluates submission completeness, flags missing information, and generates follow-up requests automatically.
The big picture
Vertafore's new AI agent addresses a critical pain point in the insurance industry: the manual, error-prone submission intake process. By automating this step, Vertafore aims to enhance underwriting efficiency, allowing MGAs to focus on risk evaluation and strategic decision-making. This move aligns with broader trends in insurtech, where AI is increasingly being deployed to streamline workflows and reduce operational friction.
What we're watching
- Adoption Pace
- How quickly MGAs will integrate the AI agent into their workflows and whether it can scale across different insurance verticals.
- Competitive Response
- Whether competitors will accelerate their own AI-driven underwriting solutions to match Vertafore's innovation.
- Operational Impact
- The extent to which the agent reduces underwriting bottlenecks and improves decision-making speed for MGAs.
Related topics