Pibit AI and Foresight Expand Partnership to Slash Insurance Quote Times by 80%

Pibit AI and Foresight Risk and Insurance Services have extended their partnership to automate underwriting workflows as the MGA expands into new industries. By reducing quote turnaround times from twelve days to just two, the collaboration highlights how AI-driven intake and document extraction are becoming essential for MGAs managing complex mid-market workers' compensation risks.

What was announced

Foresight is utilizing Pibit AI’s "AI Underwriting OS" to handle the heavy lifting of submission intake, clearance, document extraction, and external research. The system delivers qualified submissions directly into Foresight’s internal database and underwriting workbench. The operational impact is significant: clearance now averages between 30 and 37 minutes, while full document processing has been halved from three hours to approximately 90 minutes.

The partnership has allowed Foresight to increase the number of submissions handled per underwriter by 190%. Currently, the MGA clears approximately 4,600 submissions and fully processes around 4,000 annually. By automating the initial stages of the underwriting process, Foresight is now able to work every submission it receives, a critical capability as it scales its operations into new industrial sectors. Pibit AI’s platform is designed to integrate within existing systems, offering a human-in-the-loop model that guarantees 99.9% workflow accuracy. For MGAs and carriers, this modular approach is intended to increase hit ratios and double underwriter capacity by allowing staff to focus on decision-making and broker relationships rather than manual data entry.

"We are investing in automation to set a new standard for speed and simplicity in commercial insurance. Our agency partners are already experiencing the impact—and we see this as the foundation for how business will be done,"

David Fontain, CEO & Co-Founder of Foresight

The companies involved

Pibit AI is a Bay Area-based insurtech company backed by Y Combinator. Positioned as an AI Underwriting OS for commercial, specialty, and Excess and Surplus (E&S) insurance, the company provides AI agents designed to manage the insurance workflow from submission to quote. Pibit currently works with over 50 carriers and MGAs across more than 10 lines of business, claiming to deliver a 70% reduction in time to quote for its clients. Its platform is built to function as a full operating system or as individual modules that plug into a carrier's existing technology stack.

Foresight Risk and Insurance Services is a San Francisco-based managing general agent that specializes in mid-market workers' compensation for safety-critical industries. The MGA focuses on accounts that other traditional carriers often bypass, requiring high-volume submission review to maintain its portfolio. By leveraging technology to streamline the intake of complex risks, Foresight aims to provide faster service to its agency partners while maintaining rigorous underwriting standards in high-hazard sectors.

What this means from an insurtech perspective

This partnership underscores a critical shift in the MGA space: the transition from manual triage to high-velocity underwriting. For specialty and E&S carriers, the "time to quote" metric is often the primary differentiator in broker relationships. By increasing underwriter capacity by 190%, Foresight is putting immense pressure on traditional competitors who still rely on legacy core systems and manual data entry. The use of a "human-in-the-loop" guarantee addresses the persistent industry anxiety regarding AI accuracy in underwriting. As MGAs move into more complex lines, the ability to see every submission without increasing headcount will likely become the baseline for survival in the mid-market sector.