Startup Idea: Contract Automation Software for Insurance Industry

Startup idea to develop a contract automation software for the insurance industry. The software would have a selection of default contracts based on the type of business and the ability to add previously created agreement items. This would minimize contract creation errors and improve efficiency in sales and procurement processes.

Insurance Industry as Project Manager.

I work on a dozen different projects with customers each year. The most annoying process is the contract process because we dont have a standard contract and each product we committ to is a little different. The caveat, they are mostly similiar.

It would be great if there was software that Sales & procurement could use that selects the default contract for the type of business we are doing. In addition, it would be great if users can also select already created/ wording for additional agreement items that are not neccessarily in every single contract. Often times, we start with a contract and forget about important agreement items that we have included in past contracts. If we had a program that better allows us to improve each important.