Verisk A-PLUS vs. Bevaya

Verisk's A-PLUS™ Personal Lines Loss History Solutions provide insurers with customized tools that allow access to claims and loss data spanning up to seven years, enabling more accurate underwriting and rating decisions. These solutions feature flexible options, including detailed reports that adhere to the Fair Credit Reporting Act (FCRA) and the Claims Activity Profiler (CAP), which emphasizes claims activity during the quoting phase. By integrating A-PLUS into their processes, insurers can enhance the precision of initial quotes, reduce unexpected premium variations at the binding stage, and improve the overall customer journey. The system's unique algorithm ensures comprehensive claim documentation is achieved with minimal input, streamlining the underwriting process. In addition, A-PLUS offers essential features like access to over 300 million crash records, which help fill in any gaps in loss history reports, thereby providing a more complete view of an applicant's risk profile. This all-encompassing strategy not only supports improved decision-making but also cultivates stronger relationships between insurers and their clients, ultimately leading to better service and satisfaction. Such advancements in technology and data utilization are setting new standards in the insurance industry.

Bevaya is an insurance-focused AI agent platform designed to automate document-heavy workflows across underwriting, claims, and policy servicing. The system sits on top of existing insurance software and uses specialized agents to interpret documents, extract data, analyze information, recommend actions, and push results into operational systems. Underwriting capabilities include submission intake, loss run processing, policy comparisons, and automated extraction from ACORD forms, supplemental applications, and other submission documents. Claims capabilities include FNOL and FROI setup, claim indexing, document routing, summaries, and preparation of materials such as legal demands and medical bills for adjusters. Policy servicing workflows can automate certificate of insurance generation, endorsements, premium audits, policy verification, and other recurring service requests. Bevaya also provides document intelligence for classifying and structuring unstructured insurance content before it moves into downstream workflows. Its AI is powered by InsurGPT, which the company says has been trained on more than 300 million insurance documents and deployed across more than 120 production workflows. Human-in-the-loop controls allow insurance teams to review decisions, exceptions, and recommendations before sensitive actions are finalized. Grounded explainability and responsible AI features are designed to help organizations understand how outputs were produced and maintain governance over automated processes. Workflow Canvas, integrations, implementation services, and an AI agent library help teams configure and deploy use cases without replacing their existing core platforms. Bevaya is designed for insurers, brokers, and TPAs that want to use AI agents to reduce manual work, increase processing speed, improve consistency, and modernize insurance operations.