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# Lexcel launches AI system that applies specialty underwriters' rules
- URL: https://thecoverwire.com/lexcel-launches-ai-operating-system-specialty-underwriting/
- Published: 2026-10-15T13:15:00.000Z
- Updated: 2026-11-02T11:48:16.000Z
- Description: The Los Angeles firm says its system is already in use with specialty MGAs, with underwriters signing off every quote.
- Author: CoverWire
- Tags: MGAs, #desk-london-market

Lexcel has launched an AI operating system for specialty insurers that applies each firm's rules and precedent to broker submissions while leaving decisions with underwriters, it said on 15 October.

The Los Angeles company said the platform is already in use with specialty MGAs.

Underwriters can use the system to receive and triage submissions, manage their pipeline and prepare material for issue. Lexcel said its product addresses a problem at firms where judgement sits in previous files or with a small number of senior underwriters as submission volumes grow.

The platform has three connected parts. Intake reads each broker submission, checks it against source documents, routes it under the team's appetite rules and sends it to the workbench.

The workbench holds one record for each risk. It updates from submission through binding and claim, with live dashboards configured for the team's book.

Workflows apply the firm's rules to each risk. They draft submission overviews, quotes and proposed terms, with each point linked to its source.

Underwriters review the work before anything is issued. The firm's positions are held as rules the team controls, and every decision flows back into the platform as precedent for future submissions.

"Specialty underwriting teams handle thousands of submissions a year, and their loss ratios depend on applying the firm's judgment consistently and comprehensively across that volume," said David Stepovich, co-founder and chief executive of Lexcel. Stepovich was previously an M&A attorney at Latham & Watkins.

"Firms want to grow without compromising their standards. Our role is to put their existing expertise to work on every risk," he said.

Lexcel configures each deployment with the firm's team on live business and connects to existing systems, so firms do not need in-house AI engineers or a new system of record, the company said.

The product puts an MGA's underwriting approach into a set of controlled rules and retained decisions. That gives the firm a way to apply the same approach across a growing volume of submissions.

Lexcel said firms do not need to replace their system of record to deploy the product.

Related coverage: [Ardonagh to bring its MGAs worldwide under the Orvia brand](https://thecoverwire.com/ardonagh-orvia-underwriting-global-geo-rebrand/) and [Wilbur and Vitesse link claims and payments for London delegated authority](https://thecoverwire.com/wilbur-vitesse-claims-payments-partnership/).

## Sources

- [PR Newswire: Lexcel introduces AI operating system for specialty insurance](https://www.prnewswire.com/news-releases/lexcel-introduces-ai-operating-system-for-specialty-insurance-302909557.html?ref=thecoverwire.com)
- [Lexcel: Lexcel introduces AI operating system for specialty insurance](https://www.lexcel.ai/journal/lexcel-introduces-ai-operating-system-for-specialty-insurance/?ref=thecoverwire.com)