Foresight Reduces Time to Quote from 12 Days to 2 with Pibit AI
News related to:Foresight Risk and Insurance Services · 3 min read
BAY AREA, CA, UNITED STATES, November 5, 2026 /CourierPR/ -- Foresight Risk and Insurance Services, a managing general agency based in San Francisco, has continued its partnership with Pibit AI, an artificial intelligence underwriting operating system, to significantly streamline its operations. The company has reduced the time to quote from 12 days to just 2 days, marking a substantial improvement in efficiency.
According to the press release, Foresight now clears submissions in 30 to 37 minutes on average, a marked decrease from the previous process. Each underwriter at Foresight now handles 190% more submissions than before, reflecting the company's enhanced capacity to process a larger volume of work. Specifically, Foresight clears around 4,600 submissions and fully processes approximately 4,000 each year, a testament to the efficiency gains from the partnership.
Pibit AI, founded by Akash (AK) Agarwal, provides a comprehensive AI underwriting operating system for commercial, specialty, and environmental and engineering (E&S) insurance. The system automates intake and clearance, document extraction, and external research, ensuring that qualified submissions are seamlessly integrated into Foresight's database for underwriting. The company claims that its workflow accuracy is 99.9%, guaranteed in the contract, and it works with over 50 carriers and managing general agencies across more than 10 lines of business.
The partnership has delivered significant benefits to Foresight. Pibit AI's system has increased the hit ratio by 20%, doubled underwriter capacity, and reduced the time to quote by 70%. These improvements are particularly crucial for Foresight, which writes accounts that other carriers often pass on, especially in safety-critical industries. The company's CEO, David Fontain, emphasized the importance of automation in setting a new standard for speed and simplicity in commercial insurance.
Pibit AI's CEO, Akash Agarwal, expressed satisfaction with the ongoing partnership, noting that the system is designed to support Foresight's expansion into new industries.
The full case study on the partnership is available at pibit.link/foresight.
Foresight Risk and Insurance Services now clears around 4,600 submissions and fully processes approximately 4,000 each year, a significant increase from the previous volume. The company's underwriters now handle 190% more submissions than before, indicating a substantial boost in their workload capacity. The time to quote has fallen from 12 days to 2, a remarkable reduction that underscores the impact of Pibit AI's technology on Foresight's operations. The system's ability to process documents in about an hour and a half compared to roughly three hours before further highlights the efficiency gains realized by the company.
Pibit AI's workflow accuracy is 99.9%, guaranteed in the contract, ensuring that the system's performance is reliable and consistent. The company works with over 50 carriers and managing general agencies across more than 10 lines of business, delivering a 20% increase in hit ratio, 2x underwriter capacity, and 70% less time to quote. These figures underscore the significant benefits that Foresight and other MGAs can achieve by adopting Pibit AI's technology.
The partnership between Foresight and Pibit AI is not just about improving operational efficiency; it is about setting a new standard for the commercial insurance industry. By leveraging AI technology, Foresight is able to handle more submissions and provide faster quotes, making it a more attractive option for safety-critical industries where time is of the essence. The company's commitment to automation and innovation is evident in its continued partnership with Pibit AI, and the results speak for themselves.