PCMS adds AI underwriting to surety platform

Provider of P&C enterprise solutions for small to mid-sized carriers PCMS has introduced AI-augmented underwriting capabilities to its Atlas for Surety platform, aimed at improving efficiency in financial and contract risk analysis.

The update enables underwriters to upload and evaluate contractor financials, work-in-progress schedules, and contract accounts with automated analysis embedded directly into existing workflows. The tools focus on surfacing risk signals and standardizing financial reviews while maintaining underwriter control over decisions.

Key features include automated WIP analysis, multi-year financial statement review, embedded underwriting rules, and contract-level risk insights. The platform is designed to reduce manual data entry and accelerate underwriting timelines without changing underwriting practices.

“Surety underwriting depends on judgment, consistency, and deep financial understanding. These enhancements are about removing friction from analysis and helping underwriters be more productive and efficient, not changing underwriting philosophy. Underwriters still decide — the platform simply gets them there faster, with better visibility.” – Mark Goldman, CEO at PCMS.

Early users report efficiency gains in underwriting workflows. “Atlas for Surety is helping us automate several of the manual steps that held up our underwriting processes, specifically data entry and financial analysis. We’re spending less time on data entry, freeing us up to deliver underwriting decisions much faster.” – Somers Goodman, Vice President of Surety Operations at Insurors Indemnity Company.