From submission to quote. Automatically.
More comp submissions, quoted. Indico automates workers’ compensation underwriting from submission through quote — normalizing loss runs, reconciling payroll and class detail, evaluating against your appetite, and executing your rating logic to generate the quote.
Why comp submissions
wait on data work
Comp underwriting depends on data that arrives in the wrong shape — years of loss runs from prior carriers, payroll split across classes, and mod and bureau detail that has to be verified before anything can be rated.
Loss runs arrive from every prior carrier
Multiple years, multiple formats, multiple conventions. Claims have to be normalized and reconciled before frequency and severity mean anything.
Payroll and class detail is inconsistent
Payroll by class, employee counts, and job duties arrive contradicted between the application, the supplemental, and the broker’s spreadsheet.
Bureau and mod data sits apart
Experience mods, bureau class assignments, and prior coverage history live outside the submission and get looked up account by account.
Volume decides what gets quoted
Comp runs on high submission counts and tight turnaround. Preparation time — not appetite — determines how much flow receives a decision.
From From loss runs to quote:
how Indico automates comp underwriting
Indico brings together applications, supplementals, payroll and class detail, multi-year loss runs from prior carriers, bureau and mod data, appetite rules, and carrier-defined rating logic — then executes the work required to move the right risks forward.
Ingest
Connects and extracts instantly
Extraction Agents unbundle comp submissions, capturing data from applications, supplementals, payroll schedules, and multi-year loss runs.
Enrich & Validate
Fills gaps, fast
Enrichment Agents normalize loss history across carriers and reconcile payroll and class detail, flagging conflicts and gaps.
Execute
Appetite, rating, quote
Underwriting Agents evaluate risks against your appetite, execute your rating logic, and generate the quote.
From hours to seconds.
Convex keeps underwriting work moving.
Convex cut manual handling to seconds with Indico, streamlining SOV and loss run ingestion and routing so underwriting work flows faster.
“We’ve achieved more with you in 8 weeks than we have in 3 years with other vendors in this space…and I think that the people at Indico have actually made it a really enjoyable process.”
Real stories. Real insights.
The Unstructured Unlocked Podcast.
Real conversations with insurance leaders re-thinking how insurance work gets done.
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