Agentic Insurance Update: April 2025

At Counterpart, we believe modern insurance should work for you—not the other way around. That’s the promise behind Agentic Insurance™: a new operating system for underwriting, broker services, risk mitigation, and claims management that brings together intelligent automation and deep insurance expertise. This blog post details a few of the tools and technologies that Counterpart is leveraging to improve service, speed, and consistency across our platform. Check out our Agentic Insurance blog for more.

Smarter Financial Data. Faster Applications.

Introducing a new AI-powered tool that reads and extracts financial statement data—so you don’t have to.

The Problem with Financials

Financial statements are a core input in management and professional liability underwriting—but they’re often a pain to work with. Every small business formats them differently. Balance sheets, income statements, and cash flow data can span pages, vary in structure, and arrive in inconsistent formats.

Manually reviewing these PDFs to answer standard application questions is time-consuming. It’s easy to miss key details or misinterpret a line item. And when financial data is wrong or incomplete, the entire underwriting process slows down.

That’s not your fault—it’s the result of legacy processes in a modern world. So we reimagined how it should work.

Enter Agentic Underwriting™

We built the Financial Statement Extractor to do the heavy lifting for you. Just upload your PDF financials, and our AI parses them in seconds—mapping the data directly to the application questions.

You upload:

• Financial statement PDFs (balance sheets, income statements, cash flow statements)

We return:

• Accurate answers to financial application questions

Where You’ll See It

• In the Counterpart Digital Application → As you fill out an application, the Financial Statement Extractor handles financial inputs in real time.
• In API Submissions → We’ll enhance financial intake and return structured data automatically—so your integrations work smarter.
• In Email Submissions → Even if a submission arrives by email, our team uses the tool to validate and streamline downstream processes.

Why It Matters for You

For Brokers & Partners:

✅ Less friction, more quoting — Speed through submissions with less effort 

✅ Built for messy inputs — Handles real-world formats, not just pristine statements

✅ AI that fits your flow — Works automatically in applications, APIs, and even emailed submissions

The Future Is Agentic

The Financial Statement Extractor is one of many tools being launched under Agentic Underwriting™—our initiative to make management and professional liability insurance more intelligent, automated, and responsive. Whether it’s parsing PDFs or predicting risk, our AI systems are built to work where you already do.

It’s live. It’s fast. And it’s built for you. So start an application, upload a financial statement, and see it work in real time.

Stay tuned and stay ahead.

The Counterpart Team