#USA #AI #San Francisco #Outmarket #Proposal Builder

Outmarket Launches AI-Powered Proposal Builder

In a significant move for the insurance industry, Outmarket, the leading AI platform specializing in insurance solutions, has launched its innovative Proposal Builder. This new tool is designed to streamline the proposal generation process for commercial insurance brokers, transforming what was once a labor-intensive task into a swift and efficient experience.

The introduction of Proposal Builder marks a watershed moment for brokers who have long faced challenges with the overly tedious and time-consuming process of developing customized insurance proposals. What could take hours now can be accomplished in a matter of minutes, allowing brokers to allocate more time to client engagement and strategic decision-making.

Features of the Proposal Builder

Outmarket’s Proposal Builder is engineered to drastically enhance productivity in the insurance sector. It brings several game-changing features that dramatically reduce manual workloads and improve the quality of client documentation:

1. Rapid Content Generation

This feature enables brokers to create comprehensive proposals in record time by automating the assembly of extensive content, effectively reducing the hours spent on drafting.

2. Modular Outlines

The proposal system can automatically incorporate essential, policy-specific information, such as coverage summaries and risk assessments, ensuring every necessary detail is included without additional effort.

3. Template Integration

Proposal Builder allows users to bring their own templates, ensuring that all proposals conform to the agency's branding guidelines. This integration not only maintains a professional appearance but also saves brokers from the mundane task of reformatting drafts.

4. Brand Template Controls

With built-in controls for brand compliance, all proposals align with organizational designs and standards, reducing the risk of inconsistency and potential errors. This ensures that every document adheres to established templates and outlines.

5. Complete Customization

The platform’s AI capabilities are harnessed for fine-tuning proposals, allowing brokers to edit text, visuals, and layouts to meet specific client requirements, further enhancing the personalization of proposals.

Transformative Impact on the Industry

According to Vishal Sankhla, CEO of Outmarket, the goal of Proposal Builder is not merely to innovate but to fundamentally transform how insurance sales processes operate. He elaborated, “Commercial insurance sales thrives on relationships, yet the lengthy proposal process often hampers brokers from developing these connections. We are excited to introduce this capability that fundamentally shifts this narrative, much like how spreadsheets revolutionized finance.”

The outcomes from pilot testing with current customers have been nothing short of extraordinary. Reports indicate that some brokers have saved tens of thousands of hours annually and cut costs by up to $1 million since implementing the Proposal Builder.

Taine Wilson from Houchens Insurance Group remarked on the effect of the Proposal Builder, stating that it’s a revolutionary advancement, as it not only expedites the proposal generation but ensures that all documents maintain high standards of quality and branding.

Moreover, alongside Outmarket's existing functionalities like policy comparisons and coverage gap analysis, brokers now have comprehensive AI-assisted tools at every stage of client interaction, providing a seamless and integrated experience. As Kevin Hawkinson from Commercial Insurance Associates noted, the responsiveness of the team and the flexibility of the product reassures users of its tailored nature to brokers’ needs.

Looking Ahead

With Proposal Builder launched and already positively impacting brokers’ productivity, Outmarket is poised to continue setting new standards in the insurance industry. This tool exemplifies how advanced technology can transform workflows, reduce costs, and enhance client relationships.

Outmarket, headquartered in San Francisco, positions itself as the premier AI platform for insurance, committed to driving efficiency and growth within the industry. Brokers are now better equipped than ever to meet the demands of today’s fast-paced market while maintaining high levels of client service and satisfaction. For more detailed information about Outmarket and its offerings, visit their website at Outmarket.ai.