Pibit AI and Foresight Continue Partnership as Time to Quote Drops From 12 Days to 2

Pibit AI and Foresight are continuing their partnership, with the workers' compensation MGA cutting time to quote from 12 days to 2 and each underwriter handling 190% more submissions, PRLog reported on November 3, 2026.

How Foresight Uses Pibit's Underwriting Agents

Foresight clears submissions in 30 to 37 minutes on average, and full document processing takes about an hour and a half, down from roughly three hours. The MGA clears around 4,600 submissions and fully processes around 4,000 each year, and it now works every submission it receives.

David Fontain, CEO of Foresight, said: "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."

Akash (AK) Agarwal, Founder and CEO of Pibit, said: "Foresight writes the accounts other carriers pass on, and that only works when their underwriters get to see every one of them. Taking time to quote from 12 days to 2 while they move into new industries is the result we want for every MGA we work with, and we are glad to keep building it with Peter, David and the Foresight team."

Pibit describes its AI agents as running underwriting from submission to quote, so underwriters spend their time on decisions and broker relationships. Carriers and MGAs can start with one module or take the full system inside the systems they already use, with 99.9% workflow accuracy, according to the company's announcement.

Pibit's Funding and Earlier Deployments

According to akta.pro company records, Pibit raised a $7 million Series A in November 2025 led by Stellaris Venture Partners, with participation from Y Combinator and Arali Ventures. The same records show a June 2026 flagship deployment with CAMICO Mutual Insurance Company, the largest CPA-owned insurance program in the U.S., covering 8,000 CPA firm policyholders. Pibit's funding rounds on record number three, including a $525,000 seed in March 2023 led by Arali Ventures and a $125,000 pre-seed in March 2021 led by Y Combinator.

Other Insurance Partnerships This Quarter

CRIF Jordan and Middle East Insurance signed an agreement to integrate credit bureau inquiry services into the insurance sector, TradingView reported on November 2, 2026. Project Eleven and Relm Insurance announced a development partnership on October 20, 2026 to explore how post-quantum security controls could be evaluated in digital asset insurance underwriting, Newswire reported. Mutual Benefit Group selected Duck Creek's policy, billing, producer portal and data foundation for a greenfield platform in Delaware, PR Newswire reported on October 27, 2026. Hubio partnered with EMC Insurance on October 27, 2026 to modernize workers' compensation reporting on Guidewire Cloud, Business Wire Blog reported.