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How Can Our Brokers Check That the Policy Schedule Matches What Was Agreed Without Reading Every Page?

Insurance brokers check each policy schedule against the agreed terms by eye. We build a check that compares documents to the quote and flags any difference.

Updated 3 min readBy SpiderHunts Technologies

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Quick answer — TL;DR

Document checking is slow because the insurer's schedule, certificate and endorsements arrive weeks after binding and a handler has to compare them line by line with the quote and the instructions given. We build a checker that reads the documents, compares them with the agreed terms held on the case and lists every difference for the handler to resolve with the insurer.

A pile of documents nobody has quite checked

The risk was bound three weeks ago. Now the insurer's documents arrive: a schedule, a list of endorsements, an employer's liability certificate, perhaps a policy wording reference. Somebody has to check that the insured name is right, the address is right, the sums insured match what the client declared, the excesses match the quote, the endorsements are the ones agreed and nothing extra has appeared.

In a busy month, that check becomes a skim. The documents are forwarded to the client with a covering email, and the tray of 'to be checked' grows. Errors surface later, when the client reads the schedule closely, or when a claim is made and the schedule says something different from the quote.

Why document checking falls behind

The check is pure comparison, but the two sides live in different places. The agreed terms are in the quote PDF, the handler's email to the insurer and any changes negotiated on the phone. The issued documents are in a different PDF with a different layout. Nothing in the broking system holds the agreed terms as data that can be checked against.

So it is a reading job, and reading jobs are the first to be squeezed when renewals and new business pile up. Many offices have a rule that documents are checked before issue. Few can show how often that rule is actually followed.

What an unchecked schedule can lead to

  • Wrong names or addresses on a schedule, found by the client and corrected in a hurry.
  • Endorsements added by the insurer that were never agreed, sitting unnoticed until a claim.
  • Sums insured that do not match the client's declaration.
  • Documents sent out late because they are waiting in a checking queue.
  • No record that a check was ever done.

A comparison that runs when documents land

  1. At binding, the agreed terms are saved to the case in structure: insured details, sums insured, limits, excesses, endorsements and any special terms, taken from the approved quote and the binding instruction.
  2. When the insurer's documents arrive by email, portal download or post scan, they are matched to the case automatically.
  3. The documents are read and the same fields are extracted, each linked to the page it came from.
  4. The two sets are compared and every difference is listed: a changed excess, an unexpected endorsement, a missing section, a misspelled name.
  5. The handler sees a short list of differences rather than a whole document, and decides for each one whether it is correct, needs the client's view or needs to go back to the insurer.
  6. Queries to the insurer are drafted from the list, and the case is held until they are resolved.
  7. Once cleared, the check is recorded with the handler's name and date, and the documents are released to the client.

The tool never decides a difference is acceptable. It makes sure nobody has to find the differences by reading every page.

Before and after on a typical schedule

CheckBy eyeWith the comparison
Insured name and addressUsually checkedCompared automatically
Sums insuredChecked if timeCompared against declaration
ExcessesOften skimmedCompared per section
EndorsementsEasy to miss oneEvery added or missing one listed
Evidence of the checkNoneNamed, dated record on the case

How the checking tray changes

The tray empties. Handlers deal with a handful of real differences rather than reading page after page, and documents go to the client sooner. When compliance asks whether documents are checked before issue, there is a record for every policy rather than an office rule nobody can evidence.

Is this happening in your office?

  • There is a backlog of insurer documents waiting to be checked.
  • Clients have spotted errors on schedules before you did.
  • Nobody can show which documents were checked and by whom.
  • Agreed terms only exist in the quote PDF and a few emails.

FAQ

Frequently asked questions

The questions readers ask us after this guide.

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What if the extraction misreads a document?

Every extracted value links back to its page, and uncertain values are shown to the handler rather than passed as matching. The handler has the final word on each difference.

Does this need our broking system to change?

No. Agreed terms can be stored alongside it, and results are filed back to the case as a note and document.

Which documents can it read?

Schedules, certificates and endorsement lists in PDF, including scans, from any insurer. Unusual layouts may need a small amount of tuning.

What affects the cost?

The classes of business covered, how agreed terms are captured at binding today and how the tool connects to your broking system and email.

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