Empowering Protection: MyChoice Revolutionizes Life Insurance with AI-driven Quotes
MyChoice, a Toronto-based Insurtech company, has released an insurance assistant that allows users in the US and Canada to receive real-time life insurance quotes while interacting with an insurance AI assistant through their website. Watch the company’s demo video to see how the bot works. This seamless insurance shopping experience is also available through the GPT store in the US and Canada. In 2023, MyChoice was part of the Google for Startups Accelerator, enhancing the company’s AI capabilities with access to top talent and cutting-edge technologies.
While this AI bot significantly enhances the efficiency of obtaining life insurance quotes, it is not intended to replace licensed professionals. It offers a faster, more convenient alternative to filling out forms where user can ask questions prior to connecting with a licensed professional. As language and text-to-speech models improve, we plan to launch voice enabled versions of our assistant and further integrating our auto and home insurance services.
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Transforming Insurance Customer Experience with AI-Driven Assistant Solutions
The company’s newly released assistant, integrated with MyChoice’s API, represents a significant leap in customer service for insurance. This AI bot is designed to address the need of customers seeking a more personalised insurance shopping experience outside of the broker serviced hours of 9-5. When a customer interacts with the bot, their information is automatically logged into MyChoice’s CRM, ensuring a seamless follow-up process by MyChoice’s broker partners.
In their commitment to propelling insurance technology forward, we are excited to announce the upcoming tool, Policy Pilot. Policy Pilot aims to solve significant underwriting, policy-checking, back-book auditing, data and application generation challenges by automating these processes for brokers.
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