When a managing general agent that specializes in the riskiest workers’ compensation accounts can cut its quote turnaround from nearly two weeks down to just two days, the entire specialty insurance market should take notice. That’s exactly what Foresight Risk and Insurance Services has achieved by doubling down on its partnership with Pibit AI.
The Bay Area-based Pibit AI, which provides an AI-powered underwriting operating system for commercial, specialty, and excess and surplus lines insurers, announced today that Foresight—a San Francisco MGA focused on mid-market workers’ compensation for safety-critical industries—is continuing its collaboration as it enters new industry verticals. Foresight relies on Pibit AI for intake and clearance, document extraction, and external research, with qualified submissions flowing directly into Foresight’s own database for use in its underwriting workbench.
The results are stark. Clearance now averages between 30 and 37 minutes, while full document processing takes roughly an hour and a half—down from about three hours previously. The time to issue a quote has plummeted from 12 days to just 2. Each underwriter now handles 190% more submissions than before. Foresight clears approximately 4,600 submissions and fully processes around 4,000 annually, and the firm now works every single submission it receives.
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“We are investing in automation to set a new standard for speed and simplicity in commercial insurance. Our agency partners are already experiencing the impact—and we see this as the foundation for how business will be done,” said David Fontain, CEO of Foresight.
Akash (AK) Agarwal, Founder and CEO of Pibit AI, echoed the significance of the milestone. “Foresight writes the accounts other carriers pass on, and that only works when their underwriters get to see every one of them. Taking time to quote from 12 days to 2 while they move into new industries is the result we want for every MGA we work with, and we are glad to keep building it with Peter, David and the Foresight team.”
The full case study is available at https://pibit.link/foresight.
Why it matters: This partnership demonstrates that AI-driven underwriting can radically compress cycle times without sacrificing the human judgment needed for complex, high-risk accounts. As MGAs and carriers face mounting pressure to handle more submissions with the same or fewer resources, the Foresight-Pibit model offers a concrete blueprint for how automation can unlock underwriter capacity and accelerate revenue—without requiring a complete technology overhaul.
Pibit AI is a Y Combinator-backed insurtech company based in the Bay Area. Pibit is the AI Underwriting OS for commercial, specialty and E&S insurance: its AI agents run underwriting from submission to quote, so underwriters spend their time only on decisions and broker relationships. Carriers and MGAs start with one module or take the full OS, inside the systems they already use, with 99.9% workflow accuracy with our human-in-the-loop, guaranteed in the contract. Pibit works with 50+ carriers and MGAs across 10+ lines of business, delivering a 20% increase in hit ratio, 2x underwriter capacity and 70% less time to quote. For more information, visit pibit.ai or reach out at socials@pibit.ai.
Prakhar Mohan
Pibit AI
+1 650-550-1445
prakhar.mohan@pibit.ai
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