Paper Insurance entered the Excellence in AI - Service Provider category. Edward Clark, its founder and CEO, described the product. One UK MGA adopted Paper in February and now processes every new account through it. New business enquiries rose 25% by September. The firm saved the MGA almost 2,600 hours of data entry. Paper structures, audits, and scores submission data before feeding it into customer systems. Human review is used where confidence is low. The team built the software in-house between London and Buenos Aires. Paper targets a workflow problem observed for 25 years in the Lloyd’s market.
What changed
Underwriters and brokers spent hours daily retyping data and reformatting submissions.
What it unlocks
Automated structuring, auditing, and scoring of submission data with human fallback for uncertain points.
- 25% rise in new business enquiries
- 2,600 hours of data entry saved
- 25 years of observed workflow inefficiency
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