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coverbinder
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Underwrite more.
Rekey nothing.

coverbinder is the underwriting and policy platform for US commercial specialty MGAs. Submissions read from the inbox, risks rated on your rules, policies bound against your binders and bordereaux that reconcile. One system, from broker email to carrier report.

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Built for commercial specialty MGAs in the US

A feed of jobs coverbinder did today across an MGA's binders: a broker email turned into a work item, an ACORD application read, an annual report read for D&O, a policy bound with its certificate and invoice, a risk referred for being outside authority and a bordereau reconciled.

Sound familiar?

Your underwriters aren't underwriting.

They're rekeying ACORD forms, hunting for the right rater and rebuilding bordereaux at month end. coverbinder takes that work off their desks.

Submissions buried in a shared inbox

Brokers email the same risk twice. Applications get rekeyed by hand. Nobody is sure who owns what.

Every email becomes a work item, read and matched to the insured.

Raters living in spreadsheets

A different workbook for every line. Overrides you can't see. Referrals that happen over chat.

One rater per line on your rules, with referrals and overrides on record.

Bordereaux that never tie out

Month end means pulling transactions from three places and explaining the difference to your carrier.

Bordereaux built from the ledger, reconciled to the cent.

Carrier audits that take weeks

Who changed that premium? Who bound outside authority? The answer is in someone's email.

Permissions, MFA and an append-only audit log on every change.

From broker email to carrier bordereau.

The whole life of a policy in one system, so nothing gets rekeyed between steps.

Broker emails land in your underwriting mailbox and become work items. The insured is matched, duplicates are caught and the application is read into fields.

Underwriting mailboxACORD extraction
See submission intake

GL, D&O and commercial property raters on your rates and guidelines. Loadings explained, referrals routed and overrides recorded.

Your rating rulesReferrals and peer review

Subjectivities checked, the binder with capacity chosen and the policy issued with its declarations, certificate of insurance and invoice.

Bind readinessBinder routing

Mid-term changes in guided wizards. The premium change is pro-rated and every change is a new policy version.

Pro-rata premiumPolicy versions

Invoices and credit notes post to one ledger. Commission, carrier net and broker debtors come straight from it.

Transaction ledgerCommission matrices

Bordereaux for each capacity provider built from the same ledger, so they reconcile before you send them.

Premium bordereauxExcel export
A broker submission email arrives in the underwriting mailbox with an ACORD application attached. It becomes a work item, the insured is matched to an existing account, and the application is read into fields. Each field shows its confidence and the page it came from. One low-confidence figure is held for the underwriter to confirm.

coverbinder AI

It reads the file so you can underwrite it.

Most of a submission is reading. coverbinder reads it, pulls out what matters for the rater and shows you where every figure came from.

It reads

Applications

ACORD forms and supplementals, typed or scanned, read into fields with a confidence score on each.

Submission intake

It reads

Annual reports

Revenue, assets, debt and the board pulled out for D&O, with adverse media checked.

D&O rating

It reads

An insured's website

Operations the application left out, flagged before you quote.

GL risk insights

It reads

Contracts

Indemnity, additional insured and limit requirements, with endorsements suggested to fit.

Contract review

Shows its working

Every extracted value links back to the page it came from.

Holds back when unsure

Low-confidence fields wait for an underwriter before they reach the rater.

You underwrite

It reads and suggests. Pricing, binding and declining stay with your people.

See what the AI does

For your capacity providers

The MGA your carriers want to renew.

Clean bordereaux and a clear audit trail are what keep binding authority in place. coverbinder gives you both without extra work.

A monthly premium bordereau for a binding authority builds itself row by row from the month's new business, renewals, endorsements and cancellations. Cancellations go in as negative premium. The total reconciles to the ledger and the bordereau is sent to the capacity provider.

Bordereaux that reconcile

New business, endorsements and cancellations in one run, built from the ledger you invoice from. Sent as Excel to each carrier.

See binding authority
An append-only audit log fills with each change: a premium override, a peer review sign-off, a bind and a commission rate change. Each entry records who made it, their role and the value before and after. A user without permission to change binder capacity is stopped, and the attempt is logged too.

Every change on record

Role-based permissions, MFA and an append-only audit log of who changed what, when, and the values before and after.

See controls and audit

Before you ask

The questions MGAs ask first.

Which lines does coverbinder support?
Raters for general liability, directors and officers and commercial property today. The platform is built so each product has its own form schema, rater and documents. Ask us about your lines.
Can we use our own rates and guidelines?
Yes. Rates, factors, minimums and authority limits are configuration, set per product by your team.
Do brokers need to change how they submit?
No. They keep emailing your submissions inbox. coverbinder reads what they already send.
How do surplus lines taxes and fees work?
Taxes, fees and surcharges are configurable and invoiced separately from premium. They are kept off premium on the bordereau.
How do I know the AI got it right?
Every value links to the page it was read from and carries a confidence score. Anything below the line waits for an underwriter to confirm.
Is it secure enough for our carriers?
Every user signs in with MFA. Access is role-based down to each action, and every write is recorded in an append-only audit log your carriers can review.
How do we get started?
Book a demo. We'll walk through your lines, forms and binders, then plan the move of your in-force book.

See it with your own submissions.

A 30-minute walkthrough on your lines, your forms and your binders.

Book a demo