New solution uses LLMs and document intelligence to cut placement inefficiencies for brokers and agents
IntellectAI, the insurtech arm of Intellect Design Arena, has announced the launch of Magic Placement, a powerful AI-driven capability designed to modernize how insurance agents, brokers, and wholesalers handle policy, quote, and binder comparisons.
Powered by IntellectAI’s proprietary Purple Fabric Business Impact AI platform, Magic Placement combines Agentic AI and Large Language Models (LLMs) to accelerate the placement process, minimize errors, and improve underwriting outcomes.
“Magic Placement completely redefines how agents, brokers, and wholesalers approach document comparison—saving time and reducing risk.” — Banesh Prabhu, CEO, IntellectAI
“Manual document comparison is one of the most inefficient and risk-prone parts of the placement process,” said Banesh Prabhu, CEO of IntellectAI. “Magic Placement, built on our proprietary Purple Fabric platform, automates the work, reduces E&O exposure for both the insured and the distributor, and gives them back time to focus on placing smarter and faster.”
Built for Brokers, Agents, and Wholesalers
The tool is tailored to tackle long-standing inefficiencies in the commercial insurance space, where manual document handling slows down business and increases risk. With Magic Placement, organizations can expect faster, cheaper, more consistent decision-making and a competitive edge in high-pressure underwriting environments.